FirstEnergy: Petition Meets Criteria For Review Of Class Certification Ruling

Mealey's (May 4, 2023, 1:41 PM EDT) -- CHICAGO — The Sixth Circuit U.S. Court of Appeals should grant immediate review of a federal judge’s grant of class certification in a shareholder class action against FirstEnergy Corp., officers and directors and underwriters of two public stock offerings (collectively, FirstEnergy) because the company is likely to succeed on appeal and the ruling “created undue settlement pressure” and “presents a novel or unsettled question of law,” FirstEnergy argues in a reply brief....