FirstEnergy (FE) Agrees on Settlement Terms for Shareholder Derivative Litigation

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Go back to FirstEnergy (FE) Agrees on Settlement Terms for Shareholder Derivative Litigation

FirstEnergy Agrees on Terms to Resolve Shareholder Derivative Litigation

February 10, 2022 4:33 PM EST

AKRON, Ohio, Feb. 10, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that, acting through the Special Litigation Committee of its Board of Directors, it has agreed to a settlement term sheet to resolve derivative claims asserted on the company's behalf and for the company's benefit in multiple shareholder derivative lawsuits filed in the U.S. District Court for the Southern District of Ohio, the U.S. District Court for the Northern District of Ohio, and the Ohio Court of Common Pleas, Summit County. The measures outlined in the settlement complement the... More