SCANA Corporation Investor Alert: Hagens Berman Alerts SCANA Corporation Investors to Investigation into Possible Securities Law Violations Related to Report Identifying Nuclear Plant Problems and U.S. Attorney Subpoena

SAN FRANCISCO, Sept. 25, 2017 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in SCANA Corporation (NYSE: SCG) to the firm's investigation into possible securities law violations.  If you purchased or otherwise acquired securities of SCG between February 5, 2016 and September 22, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/SCG

or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing

[email protected].

On September 21, 2017, The Wall Street Journal reported the U.S. attorney's office in South Carolina served a subpoena on SCANA seeking documents related to its cancelled South Carolina nuclear plant.  The plant's estimated costs reportedly rose to $25 billion, double the project estimate delivered in 2008.

The WSJ also reported that a February 2016 report prepared by construction firm Bechtel for the Company's South Carolina Electric & Gas subsidiary suggests SCANA knew of serious problems with the nuclear plant project for over a year before its subsidiary walked away from the project in July 2017.

This news drove the price of SCANA shares down $1.96, or approximately 3.4%, to close at $55.22 on September 22, 2017.

"We're focused on Bechtel's identification of serious problems with the project, including unrealistic timelines, a lack of project management and an issued design that is often 'not constructible,'" said Hagens Berman partner Reed Kathrein.  "Considering the size of the Company's nuclear project, reasonable investors would likely consider disclosures of these problems important to their investment decisions."

Whistleblowers:  Persons with non-public information regarding SCANA should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 11 offices across the country.  The Firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

SOURCE Hagens Berman Sobol Shapiro LLP