Exelon (EXC) $173M Shareholder Settlement
Exelon (EXC) agreed to settle $173M with shareholders to end securities fraud litigation claiming they unlawfully misled investors about federal bribery accusations against ComEd.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that:
Exelon and/or its employees were engaged in unlawful lobbying activities;
the foregoing increased the risk of a criminal investigation into Exelon;
ComEd’s revenues were in part the product of unlawful conduct and thus unsustainable; and
that, as a result, the Company’s public statements were materially false and misleading at all relevant times.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired Exelon common stock between February 8, 2019 and October 31, 2019, inclusive, and were damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
11thestate is an investor recovery company, we help investors to track and collect securities class action settlements. We will:
1. Prepare documents for your payout
2. Audit the claim and make sure you get the maximum possible payout
3. File a claim with the settlement administration
4. Correspond with the settlement administration to resolve emerging issues
5. Deliver payout directly to your brokerage account
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.