INVESTORS WHO PURCHASED EXELON COMMON STOCK BETWEEN DECEMBER 1, 2016, AND OCTOBER 30, 2019
COSTA MESA, Calif., April 7, 2025 /PRNewswire/ -- The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Exelon Corporation Fair Fund and Plan of Distribution.
NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Exelon Corporation
Administrative Proceeding File No. 3-21761
For more information, visit www.ExelonFairFund.com
The United States Securities and Exchange Commission ("SEC") has settled administrative proceedings (the "Order") against Exelon Corporation ("Exelon") and and its subsidiary Commonwealth Edison Company ("ComEd") (collectively, the "Respondents"). In the Order, the SEC found violations of the antifraud, books and records, and internal accounting control provisions of the Securities Act and the Exchange Act. The violations occurred around 2011 through around 2019, and involved a scheme to corruptly influence and reward Michael Madigan ("Madigan"), the then-Speaker of the Illinois House of Representatives for his assistance in regard to legislation affecting ComEd's business.
The scheme involved ComEd arranging for various Madigan associates to obtain jobs, vendor subcontracts, and monetary payments associated with those jobs and vendor subcontracts, for the benefit of Madigan and his associates, with the intent to influence and reward Madigan.
The SEC ordered the Respondents to pay $46,200,000 in civil money penalty to the Commission. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so that the penalty collected can be distributed to harmed investors (the "Fair Fund").
The Fair Fund will be paid out according to the Plan of Distribution ("Plan").
A summary of the eligibility criteria and claims process is below. Full details are available at www.ExelonFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at info@ExelonFairFund.com or by calling 866-675-2445.
Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:
How do I submit a Claim? The easiest way to submit a claim is online at the Exelon Corporation Fair Fund website: www.ExelonFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on July 6, 2025.
If you are unable to submit a Claim Form online, you may request a copy of the paper Claim Form from the Fund Administrator via email at info@ExelonFairFund.com or by calling 866-675-2445. You may also download a copy of the Claim Form to print from: www.ExelonFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by July 6, 2025.
The Fund Administrator will send a Determination Notice advising each Eligible Claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of the claimant's Recognized Loss. The Fund Administrator may consider disputes of an Eligible Claimant's Recognized Loss calculation if timely submitted in accordance with the Plan.
This notice is a summary. For more information, visit
www.ExelonFairFund.com
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SOURCE Simpluris Inc.