Case Summary:

SCANA

NYSE

SCG

Date Filed

09/27/2017

Lead Plaintiff Deadline

11/26/2017

Class Period

1/19/16 - 9/22/17

This is an abbreviated version of Battea’s SCANA securities litigation proprietary research. Full case summaries and economic analyses are available to clients through Battea’s litigation monitoring portal. For more information, or to request a demonstration, contact Battea.

Case Summary

Securities class action on behalf of all persons or entities who purchased or otherwise acquired the common stock of SCANA between January 19, 2016 and September 22, 2017, pursuant to sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Preliminary Allegations

The complaint alleges that Defendants artifically drove up the price of SCANA’s stock by issuing false and misleading statements and omitting material information concerning the progress, cost, and completion schedule of the multi-billion dollar nuclear construction project at the V.C. Summer Nuclear Stattion.

Brief Company Profile

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, natural gas, biomass, and solar generating facilities

The company was founded in 1924 and is based in Cayce, South Carolina.

Court: Dist. South Carolina


Docket: 17-CV-02616


Judge: Hon. Margaret B Seymour


Plaintiff(s): Robert L. Norman


Defendant(s): SCANA CORPORATION, KEVIN B. MARSH, JIMMY E. ADDISON and STEPHEN A. BYRNE

SCANA_Securities_Litigation_Price_Chart