UPDATE April 11, 2017 – Exelon now under investigation to include securities fraud.
MARCH 1, 2016 [PEPCO MERGER UPDATE]
Pepco / Exelon merger voted down, appears dead.
December 3, 2015 – [PEPCO MERGER UPDATE]
Prescott Lovern, Sr. (Lovern) is sitting on two lawsuits, one consumer, one shareholder, both pursuant to the District Private Attorney General (PAG) statutes [PAG standing via DC Code 28-3905(k)(1)(B)]. Both lawsuits comply with Rotunda decision. Both can collect statutory damages with no proof of damage and no proof anyone was misled. The shareholder suit is exempt from SLUSA. Either lawsuit can bankrupt PEPCO.
GSA should pay more attention to what is going on because they may find themselves working by candlelight.
The legal claims that create the lawsuits have been covered-up by Exelon executives / lawyers, and of course Pepco executives and lawyers.
Neither company has provided any alleged legal authority to dispute Lovern’s claims.