SCANA Investors and Deloitte Receive Final Settlement Approval

On March 2, 2026, the U.S. District Court for the District of South Carolina granted final approval for a $34 million settlement between investors in SCANA Corporation and Deloitte. The settlement resolves claims that Deloitte’s unqualified audit reports failed to warn SCANA investors of cost overruns and other issues with the company’s construction of two nuclear reactors. Under the terms of the settlement, Deloitte did not admit to liability. As we reported in a previous edition of the ALB, the court granted preliminary approval of the settlement after a hearing in which it found that the proposed settlement would likely get final approval as “fair, reasonable, and adequate to the Settlement Class.”

The case is Intl. Bhd. of Elec. Workers Loc. 98 Pension Fund v. Deloitte & Touche LLP, No. 19-cv-3304 (D.S.C. Mar. 2, 2026). The class is represented by Tinkler Law Firm LLC and Cohen Milstein Sellers & Toll PLLC. Deloitte is represented by Milbank LLP and Moore & Van Allen PLLC. Prior coverage of the class certification, appeal, initial settlement, and preliminary approval of the final settlement is available here, here, here, and here, respectively. A copy of the order and opinion approving settlement can be found here, and the order and opinion on attorneys’ fees can be found here.