Exelon Hit With Investor Suit Over ComEd Unit’s Bribery Scandal

Exelon Corp. officers and directors are to blame for the $200 million expense the company incurred to settle federal bribery charges against its subsidiary Commonwealth Edison Co., an investor alleges in a new derivative suit.

Shareholder Donna Nicosia sued Wednesday in the US District Court for the Northern District of Illinois, two days after closing arguments in a criminal case there against four people accused of participating in a scheme to bribe former Illinois House Speaker Michael Madigan (D) to advance ComEd’s legislative agenda. Another derivative suit with similar allegations is pending in the same court.

Nicosia alleges that Madigan, ...