$27-Million Settlement Secured in Shareholder Derivative Suit Following Unexpected CEO Ousting

Hare Wynn - in conjunction with Prickett, Jones & Elliott" P"A" of Wilmington" Delaware, and the Law Office of Frank DiPrima, P.A. of Morristown, New Jersey - filed a shareholder derivative suit against Duke’s board members and was able to secure a $27 million settlement on behalf of Duke.

Duke Energy Corporations represented investors and government regulators that Bill Johnson would lead the company following his merger with Progress Energy, Inc. However, hours after the merger was completed, Duke’s board fired Johnson. As a result, Duke had to endure a regulatory investigation and a securities class action.

Get a Free Consultation

Contact Us Today!
    • Please enter your name.
    • This isn't a valid phone number.
      Please enter your phone number.
    • This isn't a valid email address.
      Please enter your email address.
    • Please make a selection.
  • Please enter a message.
    • I have read the disclaimer.

      Please read and agree to the disclaimer

      The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.