Preliminary Approval Of $192.5M Securities Class Action Settlement Sought

Mealey's (January 9, 2020, 11:29 AM EST) -- COLUMBIA, S.C. — Lead plaintiffs in a securities class action against a gas and electric utility company and certain of its current and former executive officers and directors asked a federal judge in South Carolina on Jan. 7 to grant preliminary approval of a $192.5 million settlement stemming from the defendants’ alleged misrepresentations pertaining to a nuclear reactor construction project at the V.C. Summer nuclear generating station in South Carolina (In re SCANA Corp. Securities Litigation, No. 17-2616, D. S.C.)....