NEW YORK, July 23, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FirstEnergy Corporation ("FirstEnergy" or the "Company") (NYSE: FE). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether FirstEnergy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On July 21, 2020, the Federal Bureau of Investigation agents arrested Ohio House Speaker Larry Householder in connection with an alleged illegal scheme involving bribery in return for Householder's championing of a state-funded bailout of two nuclear power plants formerly owned by FirstEnergy.
On this news, FirstEnergy's stock price fell $7.01 per share, or 16.99%, to close at $34.25 per share on July 21, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Robert S. WilloughbyPomerantz LLP email@example.com 888-476-6529 ext. 7980
SOURCE Pomerantz LLP