Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of SCANA Corporation (“SCANA” or the “Company”) (NYSE: SCG) concerning possible breaches of fiduciary duty arising from allegations that certain officers and directors of SCANA made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, SCANA is alleged to have issued materially false and/or misleading statements and/or failed to disclose material information concerning the progress, cost and completion schedule of the multi-billion dollar nuclear construction project at V.C. Summer Nuclear Station (“Nuclear Project”). On July 31, 2017, SCANA announced that it would abandon construction of the Nuclear Project because of cost overruns and delays. Then, on August 4, 2017, the South Carolina Attorney General announced the opening of an investigation into SCANA’s abandonment of the Nuclear Project and on September 22, 2017, the South Carolina Attorney General requested that the State Law Enforcement Division launch a criminal investigation.
Shareholders interested in seeking to recover damages on behalf of SGG and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold SGG shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (484) 875-3116 or by sending an e-mail to mhynes@hkh-lawfirm.com.