NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against FirstEnergy Corp. (NYSE: FE) on behalf of FirstEnergy stockholders. Our investigation concerns whether FirstEnergy has violated the federal securities laws and/or engaged in other unlawful business practices.
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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. 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, to close at $34.25 per share on July 21, 2020.
If you purchased or otherwise acquired First Energy shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.