Parties In FirstEnergy Derivative Suit Ask Judge To Sign Off On $180M Settlement

Mealey's (March 15, 2022, 1:41 PM EDT) -- COLUMBUS, Ohio — Lead plaintiffs in a shareholder derivative lawsuit stemming from the alleged involvement of an energy company’s board of directors in a massive bribery, racketeering and pay-to-play scheme with Ohio legislators asked a federal judge Ohio on March 11 to grant preliminary approval of a $180 million settlement reached between the parties, arguing that the settlement meets all statutory requirements for approval....