Investor Claims In Stock-Drop Suit Over Alleged Exelon Bribery Scheme Pass Muster

Mealey's (April 26, 2021, 1:53 PM EDT) -- CHICAGO — A federal judge in Illinois on April 21 allowed a shareholder class action lawsuit alleging that energy provider Exelon Corp., its subsidiary and several of their current and former executive officers violated federal securities laws by concealing their involvement in a bribery scheme to proceed, ruling that the lead plaintiff sufficiently pleaded an actionable misstatement or omission and scienter in making its securities law claims....