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An announcement from FirstEnergy (FE) is now available.
FirstEnergy Corp. has reached a settlement with the Ohio Attorney General’s Office and the Summit County Prosecutor, agreeing to pay $19.5 million to resolve investigations and civil claims related to the passage of Ohio House Bill 6. This settlement concludes legal matters involving allegations of bribery and other felonies connected to the now-deceased former chairman of the PUCO and two ex-senior officers of the company. The payment, which aligns with a previously recorded loss contingency, aims to put an end to both the criminal investigation and the civil litigation against the company.
See more data about FE stock on TipRanks’ Stock Analysis page.
