Just a few months after two half-finished nuclear reactor projects were shut down, a SCANA shareholder (a 40-year shareholder from Columbia) is filing a lawsuit against 12 top executives.
For what? According to the shareholder, it’s for consciously disregarding their (the executive’s) obligations as directors and executives of the company.
It seems these top executives had raked in over $21 million in bonuses over the 10 years of the project, which of course now, is no longer. But this is just one lawsuit of a handful that SCANA customers and ratepayers have also filed; claiming that monthly bills were “unlawfully inflated”.
You can see the full list of defendants here.
