Cases & Deals

FirstEnergy officers and directors defend against claims in securities class action and related opt-out cases

Client(s) Certain current and former directors and officers of FirstEnergy Corp.

Jones Day defends certain current and former officers and directors of FirstEnergy Corp. in a securities class action and two related opt-out actions. Plaintiffs allege misstatements relating to corporate political activities and compliance under Rule 10b-5(b) and a purported scheme to defraud under Rule 10b-5(a) and (c).

In re FirstEnergy Corp. Securities Litigation, No. 2:20-cv-03785 (S.D. Ohio); MFS Series Trust I, et al. v. FirstEnergy Corp. et al., No. 2:21-cv-05839 (S.D. Ohio); Brighthouse Funds Trust II – MFS Value Portfolio, et al. v. FirstEnergy Corp. et al., No. 2:21-cv-05839 (S.D. Ohio)