NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of SCANA Corporation ("SCANA") (NYSE: SCG) between January 19, 2016 and September 22, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of South Carolina. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's construction project at V.C. Summer Nuclear Station was facing serious design, construction, and cost headwinds; and (2) the Company had concerns regarding whether its lead contractor for the project, Westinghouse Electric Company, was financially viable and able to continue the project.
On July 31, 2017, SCANA's subsidiary South Carolina Electric & Gas Co. ("SCE&G") and Santee Cooper, South Carolina's state-owned electric and water utility announced that they would abandon construction of two nuclear power plants in South Carolina. Multiple class actions have been filed against SCE&G alleging that the subsidiary overcharged its customers by raising their rates to pay in advance for the construction of the company's subsequently abandoned nuclear plants.
If you suffered a loss in SCANA you have until November 28, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.