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The shareholder accused the energy company’s directors and officers of causing FirstEnergy to secretly spend millions to secure the passage of favorable legislation in Ohio. But she didn’t make a pre-suit demand or adequately plead demand futility, FirstEnergy told the U.S. District Court for the Northern District of Ohio.
The shareholder “owns 0.00015% of FirstEnergy’s outstanding shares, yet seeks to usurp control over its affairs by ...