FirstEnergy Corp.

Owens v. FirstEnergy Corp., No. 2:20-cv-03785 (S.D. Ohio)

On July 21, 2020, multiple news outlets reported that the Federal Bureau of Investigations had arrested Ohio House Speaker Larry Householder and four other individuals in connection with an alleged $60 million illegal bribery scheme in return for Householder’s support for legislation that ultimately passed in 2019, and which bailed out two nuclear power plants of Energy Harbor Corp., a former subsidiary of FirstEnergy Corp. (NYSE: FE). In addition, FirstEnergy announced that it had “received subpoenas in connection with the investigation surrounding” that legislation, Ohio House Bill 6. On this news, FirstEnergy’s shares fell from their July 21, 2020 opening price of $41.64 per share and were trading around $28.00 as of July 22, 2020.

Investors who have lost money on their FirstEnergy shares may be able to recover some of those losses, and should contact us using the form below.

Lead Plaintiff deadline
September 28, 2020
class period
February 21, 2017
July 21, 2020
Case Documents
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