FirstEnergy Bribery Suit Judge Slams Effort to Settle Elsewhere

A FirstEnergy Corp. stockholder’s suit claiming that former executives were involved in a bribery scheme that eventually cost the company a huge fine and hurt its stock value will remain active in one federal court in Ohio after a judge there criticized a settlement pending on nearly identical claims in another federal court in the state.

Judge John R. Adams denied investor Jennifer L. Miller’s joint request with FirstEnergy and the individual defendants to dismiss the derivative suit in the US District Court for the Northern District of Ohio, which was filed before the parallel suit in the Southern District ...