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Shareholders allege securities fraud in class-action cases against FirstEnergy

FirstEnergy Corp. leaders collected more than $80 million, including $35 million in stock awards, in the three years that FBI agents say the Akron energy conglomerate bankrolled the “largest bribery, money-laundering scheme” in the history of Ohio politics.That’s according to two new class-action lawsuits as shareholders blame FirstEnergy and its top brass for their investment losses.The suits, filed July 28 in a federal court in the Southern District of Ohio and […]
Source: The Daily Jeff – News from Camberidge OH

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