#USA #Costa Mesa #Investor Claims #Exelon #SEC Settlements

Investors’ Claim Process for Exelon Corporation

In light of the recent administrative proceedings against Exelon Corporation, a significant development has emerged for investors who purchased common stock within a specific timeframe. Those who bought Exelon common stock between December 1, 2016, and October 30, 2019, are now eligible to participate in a claims process to recover losses incurred due to violations identified by the Securities and Exchange Commission (SEC).

Overview of the SEC's Findings

The SEC's investigation revealed that Exelon and its subsidiary, Commonwealth Edison Company (ComEd), engaged in unlawful practices aimed at influencing legislative actions through corrupt means. The investigations uncovered a series of unethical practices involving Michael Madigan, the former Speaker of the Illinois House of Representatives. It was found that Exelon facilitated jobs and financial benefits for Madigan’s associates in return for favorable legislative treatment, ultimately violating antifraud laws and accounting provisions.

The Commission imposed a civil monetary penalty totaling $46.2 million on Exelon, alongside the establishment of a Fair Fund to compensate affected investors. This Fair Fund is intended to assist individuals who suffered financial damages through their investment in Exelon shares during the specified period.

Claim Eligibility Criteria

To be eligible for a payment from the Fair Fund, investors must satisfy the following conditions:

• - Purchased Exelon common stock within the period from December 1, 2016, to October 30, 2019.
• - Suffered a 'Recognized Loss' of at least $10.00 according to the distribution plan.
• - Must not be classified as an ‘Excluded Party’ under the distribution plan.
• - Submitted a valid Claim Form based on the instructions provided.

How to Submit a Claim

Investors can easily initiate the claims process through the Exelon Corporation Fair Fund website, www.ExelonFairFund.com. The online submission system allows for quick and efficient processing of the claim, with a deadline set for July 6, 2025. Claim Forms submitted online must be completed and filed before 11:59 PM Eastern Standard Time on the stipulated date.

If an investor faces challenges submitting a claim online, they can alternatively request a paper Claim Form. This can be obtained by contacting the Fund Administrator via email at [email protected] or through a call to 866-675-2445. Printed Claim Forms should be mailed to the address specified on the form and postmarked by the deadline.

Determination of Claims

After the submission of Claim Forms, the Fund Administrator will assess each claim and dispatch a Determination Notice to eligible claimants detailing their eligibility and the calculation of their recognized losses. Disputes regarding the recognized loss calculations can also be addressed if filed appropriately as per the guidelines.

For a comprehensive understanding and more details regarding the claims process, individuals are encouraged to visit the Fair Fund website or contact the Fund Administrator directly.

Conclusion

This initiative comes as a crucial opportunity for investors who were adversely affected by the actions of Exelon Corporation. Participation in the claims process not only serves as a pathway to recover some of their losses but also reflects the ongoing enforcement by regulatory agencies to uphold lawful practices within the financial markets. Investors are urged to take prompt action to submit their claims and ensure that they are duly compensated for their investments. Vigilance and timely claims submission can greatly enhance the likelihood of receiving part of the funds designated for redress.