U.S. Securities and Exchange Commission Litigation Release No. 26578, dated June 30, 2026.
The SEC filed a complaint against Charles E. Jones, the former CEO of FirstEnergy Corp., alleging violations of federal securities laws. However, the court has granted Jones's motion to dismiss the complaint. The court found that the SEC's allegations, as presented, did not establish a valid claim against Jones.
Imagine a company's boss was accused of breaking some important rules. The people in charge of making sure rules are followed (the SEC) brought a case against him. But, the judge looked at the case and said the accusations, as they were written, weren't strong enough to prove he broke the rules. So, the case against him was thrown out.
Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.
The Securities and Exchange Commission announced that on June 27, 2026, the Honorable J. Philip Calabrese, United States District Judge for the Northern District of Ohio, granted a motion to dismiss filed by Defendant Charles E. Jones. On September 12, 2024, the SEC filed a complaint against Jones, the former CEO of FirstEnergy Corp. In granting the motion to dismiss, the court found that the Commission’s complaint, as alleged, did not state a claim against Jones for violations of federal securities laws. For further information, see Litigation Release No. 26105.