The information contained on this website is only a summary of information presented in more detail in the NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING; AND (III) MOTION FOR AN AWARD OF ATTORNEYS’ FEES AND LITIGATION EXPENSES. Because this website provides just a summary, you should review the Notice for additional details.
The Court-appointed Lead Plaintiffs, West Virginia Investment Management Board, Stichting Blue Sky Global Equity Active Low Volatility Fund, and Stichting Blue Sky Active Large Cap Equity USA Fund, on behalf of themselves and the Settlement Class, have reached a proposed settlement for $192,500,000, with $160,000,000 being paid in cash and $32,500,000 being paid in cash or shares of freely-tradable Dominion Energy, Inc. (“Dominion Energy”) common stock (the “Settlement”), at the option of SCANA Corporation (“SCANA” or the “Company”).
The Settlement resolves all claims in a securities class action brought by investors alleging, among other things, that defendants SCANA, Kevin B. Marsh, Jimmy E. Addison, Stephen A. Byrne, Harold C. Stowe, D. Maybank Haygood, and James W. Roquemore (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements regarding SCANA’s business.
On July 9, 2020, the Court held a hearing on final approval of the Settlement and related matters. On July 23, 2020, the Court entered an Order and Opinion approving the Settlement, an Order and Opinion approving the proposed Plan of Allocation for the proceeds of the Settlement, and an Order and Opinion awarding attorneys' fees and litigation expenses to Plaintiffs’ Counsel.
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
All persons and entities who or which, purchased or otherwise acquired publicly traded SCANA common stock (NYSE ticker symbol: SCG), during the period from October 27, 2015 through December 20, 2017, inclusive (the "Class Period"), and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition.
Please read the Notice to fully understand your rights and options.
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked or submitted electronically no later than July 25, 2020.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.
If you have questions, please call 1-833-947-1420 or email info@SCANASecuritiesLitigation.com.