UPDATE: March 17, 2017
Prescott Lovern, Sr. is waiting for the new SEC Chairman to get into place before starting the Exelon securities legal matters.
UPDATE: February 21, 2017
Exelon’s current 10 K filed on or about February 13, 2017, is in violation of federal & state securities laws. Exelon continues to manipulate the market.
January 19, 2017
Prescott Lovern, Sr. (Lovern) has confirmed through an extensive investigation that senior executives / lawyers at Exelon Corporation (EC) have intentionally filed EC’s last three 10 Qs in violation of federal & state securities laws. The violations go back to issues during the merger with PEPCO Holdings, Inc., to include post-merger completion.
EC directors have knowingly aided and abetted the illegal acts that have created massive strict liability that very few investors understand, but with upcoming disclosures by Lovern could result in a massive sell off of EC shares. The upcoming litigation has the potential to bankrupt EC.
EC is raising customer rates throughout their utility service footprint and one has to wonder if they are stockpiling cash to prepare for the litigation. This is a dangerous legal conundrum for all of EC’s regulators who could get sucked into the illegal scheme.
Investors beware, this could be another Cendant Corporation.