---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-22-000057"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2022-08-25T23:59:59+00:00"
generated_at: "2026-06-23T21:13:57.400961+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Court grants final approval of $180M derivative settlement; FirstEnergy to receive $144M net after fees

## Summary
- Court approved $180M settlement funded by insurers; plaintiffs' attorney fees reduced from $48.6M to $36M.
- Net recovery to FirstEnergy: $144M (after fees and expenses) for corporate use; $40M in insurance remains for other litigation.
- Six legacy directors to depart board; governance reforms include enhanced political spending oversight and executive clawback policies.
- Derivative lawsuits in S.D. Ohio and other courts dismissed with prejudice; joint motion to dismiss Northern District action filed.
- Settlement resolves claims related to HB6 bribery scandal; company continues to cooperate with DOJ under Deferred Prosecution Agreement.

## SEC filing metadata
- accession: 0001031296-22-000057
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2022-08-25T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000057/0001031296-22-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000057/fe-20220823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-22-000057
- JSON: https://secwatch.observer/filing/0001031296-22-000057.json
- Plain text: https://secwatch.observer/filing/0001031296-22-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.