PHILADELPHIA--(BUSINESS WIRE)-- The law firm of Spector, Roseman & Kodroff, P.C. announces that a securities class action lawsuit has been filed on behalf of investors who purchased SCANA Corporation (NYSE: SCG) securities between January 19, 2016 and September 22, 2017 (the “Class Period”).
The complaint alleges that throughout the Class Period, SCANA and its senior management made materially false and misleading statements regarding the construction of its nuclear energy facility. As detailed in the complaint, a series of disclosures beginning in February 2017 revealed to investors that the nuclear project was experiencing cost, design, and construction problems. By the end of the Class Period, SCANA stock had dropped $20 per share, approximately 26%, to close at $55 per share, on September 22, 2017.
If you purchased SCANA securities during the Class Period, you may, no later than November 26, 2017, move to be appointed as a Lead Plaintiff in this class action. A Lead Plaintiff is a representative chosen by the Court that acts on behalf of other class members in directing the litigation. If you wish to move to be appointed as Lead Plaintiff, please contact Spector, Roseman & Kodroff, P.C. at email@example.com. If you have relatively small losses, your ability to participate in any recovery will be protected by the Lead Plaintiff(s), and you need take no affirmative steps at this time.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please call us toll-free at 888-844-5862 or via e-mail at firstname.lastname@example.org. For more detailed information about the firm please visit its website at http://www.srkattorneys.com.
Spector, Roseman & Kodroff, P.C., located in Philadelphia, Pennsylvania, concentrates its practice in complex litigation including actions dealing with securities laws, antitrust, contract, and commercial claims. The firm’s reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm as lead counsel in numerous major class actions involving violations of the federal securities laws and the federal antitrust laws. As a result of the efforts of the firm, and its members, hundreds of millions of dollars have been recovered through judgments and settlements on behalf of thousands of defrauded shareholders and companies.
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Spector, Roseman & Kodroff, P.C.
Robert M. Roseman, 888-844-5862
Source: Spector, Roseman & Kodroff, P.C.