Lawsuit filed for Investors in shares of American Electric Power Company, Inc. (NYSE: AEP)

An investor, who purchased shares of American Electric Power Company, Inc. (NYSE: AEP), filed a lawsuit over alleged violations of Federal Securities Laws by American Electric Power Company, Inc in connection.

Investors who purchased shares of American Electric Power Company, Inc. (NYSE: AEP) have certain options and for certain investors are short and strict deadlines running. Deadline: October 19, 2020. NYSE: AEP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 26, 2020, the Columbus Dispatch reported allegations that a “dark-money” group funded by American Electric Power Company, Inc. contributed to the campaign of Ohio House speaker, Larry Householder, who is allegedly involved in an Ohio nuclear bribery and racketeering case.

The plaintiff claims that between November 2, 2016 and July 24, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company covertly participated in the "the largest public corruption case in Ohio history", that the Company secretly funneled substantial funds to Ohio political organizations and politicians to bribe politicians to pass Ohio House Bill 6, which benefitted the Company and its coal-fired generation assets, that the Company partially funded a massive, misleading advertising campaign in support of HB6 and in opposition to a ballot initiative to repeal HB6 by passing substantial sums through a web of dark money entities and front companies in order to conceal the Company’s involvement, that the Company aided in subverting a citizens’ ballot initiative to repeal HB6, that as a result of the foregoing, defendants’ Class Period statements regarding the Company’s regulatory and legislative efforts were materially false and misleading, that as a result of the foregoing, the Company would face increased scrutiny, that the Company was subject to undisclosed risk of reputational, legal and financial harm, that the bribery scheme would jeopardize the benefits the Company sought by HB6, that as opposed to the Company’s repeated public statements regarding a move to clean energy, it sought a dirty energy bailout, that as opposed to the Company’s repeated public statements regarding protection of its customers’ interests, the Company sought an extra and state-mandated surcharge on its customers’ bills, and that as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of American Electric Power Company, Inc. (NYSE: AEP) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.