Judge: Certain Questions Outside Scope Of Remand In FirstEnergy Securities Action

( May 5, 2026, 3:12 PM EDT) -- COLUMBUS, Ohio — After the Sixth Circuit U.S. Court of Appeals vacated an order granting class certification and issued a limited remand, an Ohio federal judge issued an order stating the class remains certified in a suit against FirstEnergy Corp. brought by investors regarding a $2 billion bribery scheme, finding that “any question regarding the applicability of the [Basic Inc. v. Levinson] presumption of reliance is beyond the scope of the Sixth Circuit’s limited remand.”...