Bernstein Liebhard LLP Investigates Claims On Behalf of Shareholders of Scana Corporation
October 31, 2017
Bernstein Liebhard LLP is investigating whether the Board of Directors of Scana Corporation (“Scana” or the “Company”) (NYSE: SCG) breached their fiduciary duties to the Company’s shareholders.
Scana is a holding company for its subsidiary South Carolina Electric & Gas Co. (“SCE&G”), which sells electricity and natural gas. On July 31, 2017, SCE&G and Santee Cooper, South Carolina’s state-owned electric and water utility, announced that they would abandon construction of two nuclear power plants in South Carolina.
Bernstein Liebhard is investigating allegations that SCE&G overcharged its customers by raising their rates to pay in advance for the construction of the company’s subsequently abandoned nuclear plants.
Scana announced today that Kevin Marsh is retiring as chairman and CEO of Scana and SCE&G at the end of the year.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer, and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times.