EXC.US
id: 744
Exelon (EXC) $173M Shareholder Settlement
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
N.D. Illinois
Court1:19-cv-08209
Case number08 Feb 2019
Class period Start31 Oct 2019
Class period End28 Sept 2023
Claim deadlineExelon (EXC) agreed to settle $173M with shareholders to end securities fraud litigation claiming they unlawfully misled investors about federal bribery accusations against ComEd.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that:
- Exelon and/or its employees were engaged in unlawful lobbying activities;
- the foregoing increased the risk of a criminal investigation into Exelon;
- ComEd’s revenues were in part the product of unlawful conduct and thus unsustainable; and
- that, as a result, the Company’s public statements were materially false and misleading at all relevant times.
Case Status
Accepting Late Claims
Alleged Offence
Fraud,
Malpractice,
Breach of Fiduciary duty
Suspected Party
Directors,
Management,
Shareholder
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.8
Filing date
16 December 2019
Plaintiffs
Local 295 IBT Employer Group Pension Trust Fund
Attorneys
Robbins Geller Rudman & Dowd LLP (Chicago, IL)
Judge
Hon. Virginia M. Kendall
Administrator
Gilardi & Co LLC
Court hearing date
07 September 2023
Exclusion deadline
17 August 2023
Objection deadline
17 August 2023
Hearing deadline
17 August 2023
Trades matching type
FIFO
+$173,000,000
Cash Settlement Amount