Deloitte Must Face Nuclear Reactor Investors’ Suit Over Sign-Off

Investors in a failed $9 billion nuclear reactor project in South Carolina can go ahead with claims against Deloitte & Touche LLP because the complaint and the pension fund leading the suit are free of jurisdictional problems, a federal court ruled.

The International Brotherhood of Electrical Workers Local 98 Pension Fund has constitutional standing and meets the requirements for assuming the role of lead plaintiff under the Private Securities Litigation Reform Act, Judge Donald C. Coggins Jr. said Monday for the US District Court for the District of South Carolina.

The Scana Corp. nuclear project was abandoned in 2017 after ...