Deloitte’s $34 Million Nuclear Investor Settlement Is Finalized

Deloitte & Touche LLP‘s $34 million class settlement with Scana Corp. investors who sued to hold the auditor liable for nuclear reactor project losses is fair, a federal court said in granting final approval.

Judge Jacquelyn D. Austin of the US District Court for the District of South Carolina also approved a more than $6 million fee for the investors’ attorneys, one-third of the settlement amount. Austin’s orders Monday bring an end to the six-year-old litigation in which Deloitte sought review of class certification at the US Court of Appeals for the Fourth Circuit and reached a settlement while ...