Exelon reaches $40M derivative settlement over ComEd bribery allegations; court approval pending

EXELON CORP

Settlement includes $40M payment from insurers to Exelon; $10M allocated for plaintiffs' attorneys' fees.
Corporate governance reforms and board composition changes agreed; former CEO Crane's compensation reduced.
Settlement covers derivative claims from multiple shareholder demands; some shareholders intend to oppose.
Settlement must be approved by Judge John Robert Blakey in the Northern District of Illinois.
Special Litigation Committee and Independent Review Committee approved the settlement after mediation.

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