FirstEnergy Agrees To $100 Million Bribery Case Settlement With SEC
Key Takeaways FirstEnergy said it has agreed to a $100 million settlement with the SEC to resolve charges from a bribery scandal.The Akron, Ohio-based utility was accused of paying some $60 million in bribes to state politicians for favorable legislation for FirstEnergy's nuclear plants.
FirstEnergy to pay $100M in HB 6 settlement with SEC; ex-CEO to face civil fraud charges
FirstEnergy has agreed to pay a $100 million fine to settle civil fraud charges from the SEC, but the federal agency will go ahead with civil fraud charges against the utility’s former top executive.
FirstEnergy to pay $100 million for its role in Ohio bribery scheme as part of settlement with SEC
In addition, former CEO Chuck Jones has been sued by the SEC for his alleged role in the scandal. Jones is already facing criminal charges from the state.
FirstEnergy reaches $100M settlement with SEC over corruption case
FirstEnergy’s settlement requires a civil penalty of $100 million. The company’s previously disclosed second quarter earnings materials indicated that it had taken a reserve of $100 million in the second quarter of 2024 in anticipation of the agreement with the SEC.
FirstEnergy to Pay $100 Million Penalty to Settle SEC Charges in Ohio Bribery Scheme
The electric utility company previously disclosed that it took a $100 million second-quarter reserve in anticipation of the agreement.
FirstEnergy To Pay $100 Mln To Settle SEC Probe Into Ohio Nuclear Plant Bribery Scandal
FirstEnergy (FE) has agreed to pay $100 million to settle an SEC investigation into the utility's involvement in the bribery scandal
FirstEnergy reaches $100M settlement agreement with SEC to resolve HB 6 investigation
FirstEnergy has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission to resolve a House Bill 6 scandal investigation.
FirstEnergy pays $100M to settle dark money probe
The SEC settlement is tied to payments made to the former Ohio House speaker in exchange for a 2019 energy law.
Fortune7d
FirstEnergy ordered to pay $100 million for its role in scheme to bribe state officials
An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors ...
SEC sues former FirstEnergy CEO Chuck Jones over HB6 bribery scandal
The U.S. Securities and Exchange Commission on Tuesday filed a lawsuit against former FirstEnergy CEO Chuck Jones over ...
FirstEnergy Corp. stock underperforms Monday when compared to competitors
FirstEnergy Corp. closed $0.63 below its 52-week high ($44.97), which the company reached on September 5th.
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FirstEnergy Corporation
In Ohio, where companies like FirstEnergy and Goodyear pay no federal corporate taxes, Democrats haven’t figured out how to leverage anxiety over income inequality to defeat President Trump.
ABC News7d
Utility ordered to pay $100 million for its role in Ohio bribery scheme
An Ohio-based energy company at the center of a $60 million bribery scheme has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million fine An energy company at the ...
dailyenergyinsider1d
FirstEnergy Pennsylvania reaches base rate settlement with stakeholders, seeks approval from regulators
FirstEnergy Pennsylvania Electric Co. said Monday it had reached a $225 million settlement with several stakeholders in its ...
FirstEnergy (FE) Gets a Hold from Scotiabank
Scotiabank analyst Andrew Weisel maintained a Hold rating on FirstEnergy (FE – Research Report) today and set a price target of $45.00.