EXELON INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Exelon Corporation - EXC

b'Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d), announces that KSF has commenced an investigation into Exelon Corporation (NasdaqGS: EXC).\nBetween July and October 2019, the Company disclosed that it and its subsidiary, Commonwealth Edison Company (\xe2\x80\x9cComEd\xe2\x80\x9d), had received two grand jury subpoenas from the U.S. Attorney\xe2\x80\x99s Office for the Northern District of Illinois (\xe2\x80\x9cUSAO\xe2\x80\x9d) and that the SEC was investigating their lobbying activities.

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Legal, Professional services, Charles Foti, Foti, Exc, Exelon, New Orleans, LOUISIANA
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United States, LOUISIANA, ILLINOIS, NORTHERN DISTRICT, CALIFORNIA, NEW YORK
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  • b'Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d), announces that KSF has commenced an investigation into Exelon Corporation (NasdaqGS: EXC).\nBetween July and October 2019, the Company disclosed that it and its subsidiary, Commonwealth Edison Company (\xe2\x80\x9cComEd\xe2\x80\x9d), had received two grand jury subpoenas from the U.S. Attorney\xe2\x80\x99s Office for the Northern District of Illinois (\xe2\x80\x9cUSAO\xe2\x80\x9d) and that the SEC was investigating their lobbying activities.
  • Recently, the court presiding over that case denied the Company\xe2\x80\x99s motion to dismiss in part, allowing the case to move forward.\nKSF\xe2\x80\x99s investigation is focusing on whether Exelon\xe2\x80\x99s officers and/or directors breached their fiduciary duties to Exelon\xe2\x80\x99s shareholders or otherwise violated state or federal laws.\nIf you have information that would assist KSF in its investigation, or have been a long-term holder of Exelon shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( [email protected] ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-exc/ to learn more.\nAbout Kahn Swick & Foti, LLC\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\xe2\x80\x99s premier boutique securities litigation law firms.
  • KSF serves a variety of clients \xe2\x80\x93 including public institutional investors, hedge funds, money managers and retail investors \xe2\x80\x93 in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies.
  • KSF has offices in New York, California and Louisiana.\nTo learn more about KSF, you may visit www.ksfcounsel.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005564/en/\n'


Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Exelon Corporation (NasdaqGS: EXC).

Between July and October 2019, the Company disclosed that it and its subsidiary, Commonwealth Edison Company (“ComEd”), had received two grand jury subpoenas from the U.S. Attorney’s Office for the Northern District of Illinois (“USAO”) and that the SEC was investigating their lobbying activities. On July 16, 2020, ComEd agreed to a Deferred Prosecution Agreement (“DPA”) with the USAO that included an admission that from 2011 to 2019, it arranged for jobs, vendor subcontracts, and other benefits to “political allies” of a high-level elected state official for the purpose of garnering influence “with respect to legislation concerning ComEd and its business,” and required payment of a $200 million fine and the institution of various remedial compliance policies and practices.

The Company and certain of its executives have been sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws. Recently, the court presiding over that case denied the Company’s motion to dismiss in part, allowing the case to move forward.

KSF’s investigation is focusing on whether Exelon’s officers and/or directors breached their fiduciary duties to Exelon’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Exelon shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-exc/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

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