FirstEnergy

In re FirstEnergy Shareholder Derivative Litigation, No. 03 cv 1826 (JSG), Northern District of Ohio. Weiss & Lurie was co-lead counsel in this derivative action which recovered $25 million for the company and resulted in the enactment of significant corporate governance reforms. The litigation concerned the operations of a publicly traded utility that sustained substantial damages because of the neglect of its facilities, resulting in the massive power outage experienced in the Northeast United States in 2003.