Exelon is one of the largest U.S. power generators, with nuclear, gas, wind, solar and hydroelectric generating capacity. It is currently under investigation by the United State’s Attorney’s Office regarding potentially illegal lobbying activities. The disclosures about this possible wrongdoing have impacted Exelon Shareholders and this triggers your right to hold the company accountable and to try to recover your losses. Between February 9, 2019 and November 1, 2019 (“Class Period”) Exelon is alleged to have made materially false and misleading statements about its business, operational and compliance policies. This came to light in July and October 2019, when Exelon disclosed that both Exelon and ConEd received two grand jury subpoenas from the U.S. Attorney’s office requiring information concerning their lobbying activities in the State of Illinois, including its communications with a Illinois State Senator. On October 15th, Exelon announced the abrupt departure of Anne Pramaggiore, Exelon Utilities’ CEO and former president/CEO of ConEd. The Company’s shares dropped $2.15 per share on October 16th. On October 31st the Company also disclosed in its Form 10-Q that the SEC has opened an investigation into its lobbying activities. The Company’s shares dropped another $1.17 per share. The next day the Chicago Tribune reported that “Pramaggoire is one focus of the ongoing federal investigation”. On this news, the shares dropped another $0.15 per share. In total, Exelon shares declined $3.47 in response to these revelations, losing over 3.3 billion in market capitalization. If you provide us with your data in Exelon common stock from November, 2018 to date, we will be pleased to see if you suffered damages. We can then provide a recommendation as to a course of action if you suffered losses. The deadline for any lead plaintiff motion is February 14th, 2020, so the time for this analysis, and to examine your options is now.
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