Company Website:
http://www.haelaw.com/
SAN DIEGO -- (Business Wire)
Haeggquist
& Eck, LLP, a leading shareholder rights litigation firm, is
investigating whether certain directors and officers of SCANA
Corporation (“SCANA” or the “Company”) (NYSE: SCG) breached their
fiduciary duties to the Company and its shareholders.
SCANA is a $7.3 billion energy-based holding company headquartered in
Cayce, South Carolina. SCANA is principally engaged, through its
subsidiaries, in regulated electric and natural gas utility operations
in South Carolina, North Carolina, and Georgia.
Over the past decade, SCANA has spent more than $9 billion on a project
to build two nuclear reactors at the V.C. Summer Nuclear Station in
South Carolina (the “Nuclear Project”). Despite this massive expenditure
– financed by public investors as well as by raising customers’
electrical rates nine times – SCANA recently announced that it would
abandon the Nuclear Project. Evidence then came to light that, for at
least 18 months prior, SCANA appeared to have known of severe problems
plaguing the Nuclear Project.
On July 31, 2017, SCANA 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 (“SC AG”) announced the
opening of an investigation into SCANA’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 SC AG publicly requested that the South Carolina State Law
Enforcement Division launch a criminal investigation into the Nuclear
Project.
What You Can Do
If you are an SCANA shareholder, you may have legal claims against
SCANA’s directors and officers. If you wish to discuss this
investigation, or have questions about this notice or your legal rights,
please call attorney Amber
Eck at 619-342-8000 or e-mail her at ambere@haelaw.com.
There is no cost or obligation to you.
Haeggquist
& Eck, LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual investors in shareholder
derivative lawsuits, and members of the firm have helped shareholders
recover more than $1 billion of value for themselves and the companies
in which they have invested.
This release constitutes attorney advertising. Past results do not
guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171211005035/en/
Contacts:
Haeggquist & Eck, LLP
Amber Eck, 619-342-8000
ambere@haelaw.com
Source: Haeggquist & Eck, LLP
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