FirstEnergy Gains on Report Icahn in Talks for Two Board Seats
Shares of FirstEnergy rose Tuesday after activist investor Carl Icahn sought two seats on the board of the energy distributor.
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Shares of FirstEnergy (
FE) - Get Report were rising Tuesday, following a report that activist investor Carl Icahn is in talks to take two seats on the board of the power producer.
Shares of the Akron, Ohio., company rose 2.37% to $34.15 in recent trading.
Icahn wants to narrow the valuation gap between FirstEnergy and its peers, Bloomberg said.
FirstEnergy is navigating the after effects of a federal corruption case which saw the ouster of its CEO last October.
FirstEnergy names Steven Strah CEO - Cleveland Business Journal
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FirstEnergy Corp names new CEO
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Judge dismisses lawsuit FirstEnergy filed against whistleblower, demands to know who authorized disclosure of auditor’s identity © Plain Dealer file/cleveland.com/TNS FirstEnergy Corp.
CLEVELAND, Ohio – A federal judge Monday threw out a lawsuit that FirstEnergy Corp. and a contractor filed against a Chardon auditor over confidential information involving House Bill 6.
In an extraordinary move, U.S. District Judge J. Philip Calabrese also ordered the Akron utility and Cleveland-based Clearsulting to identify the person who authorized the disclosure of the auditor as a whistleblower in filings last fall.
“This is exactly the type of tactics that this company has used in the 35 years that I’ve been involved in Ohio politics,” said attorney Marc Dann, who, with Laura Hauser, represents Michael Pircio. “And now, they are using it on their employees and their consultants to scare them away from being whistleblowers.”
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