Exelon Settles DOJ Claims Over Constellation Merger

Skadden represented Exelon Corp. in a settlement with the U.S. Justice Department, announced on November 15, in connection with its $7.9 billion acquisition of Constellation Energy Group Inc. Exelon's $400,000 settlement payment resolves allegations that the company violated an order limiting offer prices for electricity, which was part of an agreement connected to the deal's approval.