Le Lézard
Classified in: Oil industry
Subject: ATY

IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against SCANA Corporation and Encourages Investors with Losses to Contact the Firm



LOS ANGELES, Oct. 3, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against SCANA Corporation ("SCANA" or the "Company") (NYSE: SCG) concerning possible violations of federal securities laws between January 19, 2016 and September 22, 2017, inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the November 27, 2017 motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, SCANA made false and/or misleading statements, and/or failed to disclose, adverse information regarding the construction of its project to build nuclear reactors at the V.C. Summer Nuclear Station in South Carolina, assuring investors that costs spending was prudent and substantial progress was being made, even when cost overruns and other delays began to materialize.

On July 31, 2017, the Company announced that it would abandon construction of the nuclear project because of cost overruns and delays. On August 4, 2017, the South Carolina Attorney General announced the opening of an investigation into the Company's abandonment of the nuclear project. On the same day, South Carolina state senators called for a special legislative session to investigate SCANA. On September 22, 2017, the South Carolina Attorney General publicly requested that the South Carolina State Law Enforcement Division launch a criminal investigation into the project. Upon release of this information, shares of SCANA fell in value materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

 

SOURCE Lundin Law PC


These press releases may also interest you

at 11:03
Janus Global Operations ("Janus"), a leading provider of integrated stability operations, announced today that it has been acquired by an affiliate of DC Capital Partners Management, LP ("DC Capital"), a private equity investment firm headquartered...

at 10:08
Steelhead Composites, a leading provider of composite overwrapped pressure vessels and composite structures, is pleased to announce that their Quality Management System has been assessed and approved to the standard of AS9100:2016 (Rev. D) for...

at 09:30
Permian Basin Royalty Trust ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.050879 per unit, payable on January 16, 2018, to unit holders of record on December 29, 2017. This month's...

at 09:15
John M. Fox today released the following open letter to the board of directors of Marathon Petroleum Corporation (MPC) responding to management's announcement to demand over $10 billion for its GP economic interest in MPLX. The full text of the...

at 09:05
Generators are critical during severe weather events, when the power can go out, as well as bringing power to remote job sites and in disaster recovery and emergencies. As we move into the upcoming "snow season", a time when homeowners' electricity...

at 09:00
Southwest Bank, as Trustee of the Tidelands Royalty Trust "B" ("Tidelands"), today declared that there will be no quarterly cash distribution to the holders of its units of beneficial interest for the fourth quarter of 2017 that would have been due...




News published on 3 october 2017 at 13:17 and distributed by: