man-user-icon Client Login Portal
    • addthis
    • link : Client Login
    • knowledge network
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Network
    • Contact Us
    Labaton Sucharow
    • addthis
    • link : Client Login
    • knowledge network
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Network
    • Contact Us
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Contact Us
    • Knowledge Network
    • Client Login
    • Search
    • addthis
    • link : Client Login
    • knowledge network
    Labaton Sucharow
    • News & Events
      • Press Room
      • Published
      • Events
    • Digital Library
      • Videos
      • Podcasts
      • Webinars
    • News & Events
      • Press Room
      • Published
      • Events
    • Digital Library
      • Videos
      • Podcasts
      • Webinars

    Monday, April 1, 2019

    Labaton Sucharow Defeats Motion to Dismiss in SCANA Class Action

    On March 29, 2019, the U.S. District Court for District of South Carolina denied defendants’ motion to dismiss a class action against energy provider SCANA Corporation.  The court found “the amended complaint plausibly demonstrates that Individual Defendants acted at least recklessly and possibly deliberately.” 

    The action alleges that SCANA made false and misleading statements about the construction of two new nuclear reactors near Jenkinsville, South Carolina.  Despite touting progress to investors, the company and senior executives knew the project suffered from a host of fundamental problems.  In November 2015, an independent report from expert consultants detailed the “significant issues facing the project,” including “plans and schedules [that] are not reflective of actual project circumstances” and an engineering design which “is not yet completed” and “not constructible.”  Regardless, the defendants continued constructing the plants, touting its purported progress, and charging increased rates for over a year.

    In 2017, South Carolina Governor Henry McMaster publicly released the independent expert report that SCANA received. Soon thereafter, the U.S. Attorney’s Office in South Carolina and the FBI initiated a criminal investigation, and SCANA’s CEO and executive vice president left the company.

    The Labaton Sucharow team includes partners James Johnson, Michael Rogers, Irina Vasilchenko, and Mark Willis, of counsel James McGovern, and associates James Christie and Phil Leggio.  The case is In re SCANA Corporation Securities Litigation, No. 17-cv-2616 (D.S.C.).  Labaton Sucharow serves as co-lead counsel, representing co-lead plaintiff the West Virginia Investment Management Board. 

    Useful Links

    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Center

    Our Locations

    footer-list-map_icon New York
    140 Broadway
    New York, NY 10005
    212-907-0700

    footer-list-map_icon Delaware
    300 Delaware Avenue, Suite 1340
    Wilmington, DE 19801
    302-573-2540

    Useful Links

    footer-list-map_icon Washington, D.C.
    1050 Connecticut Avenue, NW, Suite 500
    Washington, D.C. 20036
    202-772-1880

    Stay Connected

    • Facebook
    • Twitter
    • LinkedIn
    Labaton Sucharow
    • Attorney Advertising Disclaimer
    • Privacy Policy
    • labaton.com
    • Labaton Sucharow All Rights Reserved 2019

    Attorney Advertising Disclaimer

    The materials appearing on this website are provided for informational purposes only and do not constitute legal advice. You should not take action based upon this information without consulting legal counsel. This site is not intended to create an attorney-client relationship. The hiring of a lawyer is an important decision that should not be based solely upon any single source of information, including advertising on this website. You may ask us to send you further information about us, and we urge you to review other sources of information about us.