Defendant Name:
FirstEnergy Corp.
Defendant Type:
Public Company
SIC Code:
4911
CUSIP:
33793210
Initial Case Details
Legal Case Name
In the Matter of FirstEnergy Corp.
First Document Date
12-Sep-2024
Initial Filing Format
Administrative Action
File Number
3-22111
Allegation Type
Issuer Reporting and Disclosure
Violations Alleged
•
Sec 17(a) (Not specified)
Resolutions
First Resolution Date
12-Sep-2024
Headline Total Penalty and Disgorgement
See Related Documents
Related Documents:
33-11302
12-Sep-2024
Administrative Proceeding
Order Instituting Cease-And-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-And-Desist Order
On September 12, 2024, the SEC instituted cease-and-desist proceedings against FirstEnergy Corp., stating: "These proceedings arise out of FirstEnergy’s participation in a multi-year political corruption scheme. Between 2017 and 2020, FirstEnergy and FirstEnergy Solutions (“FES”), through FirstEnergy Service Company, made payments totaling approximately $60 million to Generation Now (“GenNow”) in exchange for specific official action for the benefit of FirstEnergy and FES."
SEC Charges FirstEnergy Corp. with Fraud in Connection with Political Corruption Scheme
On September 12, 2024, the SEC stated that: "[It] charged FirstEnergy Corp. ("FirstEnergy") with fraud in connection with a multi-year political corruption scheme in which FirstEnergy and affiliates made payments to an entity controlled by former Speaker of the Ohio House of Representatives, Larry Householder, in exchange for official action benefitting FirstEnergy's business interests. FirstEnergy agreed to settle the charges and pay a civil penalty of $100 million."
34-101749
25-Nov-2024
Administrative Proceeding
Extension Order
The Commission ordered that: "the Division's request for an extension of time until November 24, 2025, to submit a Proposed Plan of Distribution is granted."
34-104138
30-Sep-2025
Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Heffler, Radetich & Saitta, LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."
34-104254
24-Nov-2025
Administrative Proceeding
Second Extension Order
The Commission ordered that: "the Division’s request for an extension of time until March 31, 2026, to submit a Proposed Plan of Distribution is granted."
