Final Approval Of $180M Settlement Sought In FirstEnergy Derivative Suit

(July 15, 2022, 9:50 AM EDT) -- COLUMBUS, Ohio — Lead plaintiffs and an additional plaintiff 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 in Ohio on July 7 to grant final approval of a $180 million settlement reached between the parties, arguing that the settlement is fair, reasonable and adequate....