September 28, 2017 2:59 PM In a new lawsuit alleging civil federal fraud, the Motley Rice law firm has unleashed a volley of accusations against SCANA and its three top executives, charging them with orchestrating a “deliberate misinformation campaign” about its now-failed nuclear project to pump up stock prices.
The shareholder class action lawsuit also charges that even after receiving a Bechtel consulting firm confidential report on Feb.
5, 2016, that described numerous difficulties at the plant, SCANA – the parent company of SCE&G – and its top officials continued to tell the public and investors that things were fine.
The lawsuit also quoted a May 1, 2016, private letter sent to Westinghouse, the nuclear plant contractor, by Santee Cooper CEO Lonnie Carter, in which Carter told the Westinghouse interim president, “Unfortunately, our experience with Westinghouse ...
The lawsuit also quoted a “private email” sent by Marsh in June 2016 to the parent company of Westinghouse that said in part, “We have no doubt that we have been the victim of financial malfeasance by (Westinghouse) ...,” the lawsuit said.