SCANA Corporation


Case Summary
Company Name: SCANA Corporation
Stock Symbol : NYSE: SCG
Class Period Start: 01/19/2016
Class Period End: 09/22/2017
Lead Plaintiff motion: 11/27/2017
Date Filed: 09/27/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the District of South Carolina

Thieler Law Corp advises investors with losses exceeding $100,000 of the November 27, 2017 lead plaintiff deadline in a class action lawsuit filed against SCANA Corporation (NYSE: SCG) (“SCANA” or “the Company”). The suit is pending in the U.S. District Court for the District of South Carolina and investors, who purchased SCANA Corporation securities between January 19, 2016 and September 22, 2017, have until November 27, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased SCANA Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that SCANA’s primary contractor for the V.C. Summer Nuclear Station construction project, Westinghouse, lacked a legitimate construction schedule; Westinghouse’s reactor design was often not constructible; Westinghouse lacked the organization needed to complete the V.C. Summer Nuclear Station construction project; and as a result, SCANA’s public statements were materially false and misleading at all relevant times.

On July 31, 2017, the Company revealed that it would abandon construction of the Nuclear Project because of cost overruns and delays. 

On August 4, 2017, the South Carolina Attorney General ("SC AG") announced the opening of an investigation into SCANA's abandonment of the Nuclear Project.

On September 22, 2017, the South Carolina Attorney General requested that the State Law Enforcement Division launch a criminal investigation into the Nuclear Project.

As a result of the above, NYSE: SCG fell significantly, causing investors harm.

If you were negatively impacted by your investment in SCANA Corporation securities between January 19, 2016 and September 22, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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