Investors’ Section 14(a) Claim In Shareholder Derivative Suit May Proceed

Mealey's (May 12, 2021, 1:56 PM EDT) -- COLUMBUS, Ohio — A federal judge in Ohio on May 11 denied a motion to dismiss filed by current and former executive officers and directors of energy provider FirstEnergy Corp. in a shareholder derivative lawsuit stemming from the defendants’ involvement in a massive bribery, racketeering and pay-to-play scheme with Ohio legislators, ruling that lead plaintiffs have sufficiently pleaded the necessary elements of their federal securities law claims....