The SEC filing details the proposed settlement of consolidated derivative action involving Exelon Corporation.
The settlement aims to resolve all claims in the consolidated derivative action brought on behalf of Exelon.
The Notice of Pendency and Proposed Settlement provides important information to shareholders about their rights and the implications of the settlement.
Proposed Settlement
Settling Parties including Plaintiffs, Defendants, and the SLC have agreed upon terms to settle the Consolidated Derivative Action.
Resolution of Claims
The settlement would resolve all claims in the consolidated derivative action as well as claims described in the Demand Letters.
Court Approval
Shareholders are notified that court approval of the settlement will have implications on contesting the settlement and pursuing released claims.
- The proposed settlement aims to bring an end to the legal proceedings and potential liabilities arising from the derivative action.
- Resolution of the claims would provide closure to shareholders and potentially avoid prolonged litigation processes.
The proposed settlement of the consolidated derivative action by Exelon Corporation reflects the company's efforts to address legal matters responsibly and move forward. Shareholders are advised to review the terms of the settlement carefully and consider the implications for their rights and investments.