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Mealeys

Mealey's Litigation Procedure - Preliminary Approval Of $192.5M Securities Class Action Settlement Sought

COLUMBIA, S.C. - Lead plaintiffs in a securities class action against a gas and electric utility company and certain of its current and former executive officers and directors asked a federal judge in South Carolina on Jan. 7 to grant preliminary approval of a $192.5 million settlement stemming from the defendants' alleged misrepresentations pertaining to a nuclear reactor construction project at the V.C. Summer nuclear generating station in South Carolina (In re SCANA Corp. Securities Litigation, No. 17-2616, D. S.C.).
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