FirstEnergy Corp.

FE Alert: Johnson Fistel Launches Investigation into FirstEnergy Corp.; Investors Suffering Losses Encouraged to Contact Firm

SAN DIEGO, July 22, 2020 /PRNewswire

Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against FirstEnergy Corp. (“FirstEnergy” or the “Company”) (NYSE: FE) for violations of federal securities laws.

On July 21, 2020, the Company issued a press release stating. “This afternoon, FirstEnergy Corp. (NYSE: FE) received subpoenas in connection with the investigation surrounding Ohio House Bill 6. We are reviewing the details of the investigation and we intend to fully cooperate.”
The Motley Fool reported, “The bill in question relaxed renewable energy standards and offered what have been described as ‘bailouts’ to a number of utilities, including FirstEnergy, which owns two older nuclear power plants in the state. The problem is that there are accusations of bribery involved in the passage of the bill, with some suggesting illicit payments may have gone as high as $60 million. Key Ohio politicians have already been arrested.”

Following this news, shares of FirstEnergy fell significantly.

If you have information that could assist in this investigation, or if you are a FirstEnergy shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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  • Plaintiff certifies that:
    • 1. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal or state securities laws.
    • 2. Plaintiff is willing to serve as a representative party, including providing testimony at deposition and trial, if necessary.
    • 3. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    • 4. If a class action is filed, Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    • 5. For purposes of a class action, Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Acquisitions (include: date shares were acquired, number of shares acquired, and acquisition price per share. Separate each item with a comma. For multiple acquisitions, separate each acquisition with a new line):
  • Sales (include: date shares were sold, number of shares sold, and selling price per share. Separate each item with a comma. For multiple sales, separate each sale with a new line.):
  • During the three years prior to the date of this certification, Plaintiff has not sought to serve or be served as a representative party for a class in an action filed under the federal securities law except if detailed below:

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