Duke Energy Corp. Lawsuit Investigation Concerning Breach Of Fiduciary Duties In Merger Of Duke Energy Corp. And Progress Energy, Inc. Announced By Shareholder Rights Law Firm Gilman Law LLP
The Investment Losses and Shareholder Rights Law Firm Gilman Law LLP is investigating potential breach of fiduciary duty claims on behalf of shareholders of Duke Energy Corp. (“Duke” or the “Company”) (NYSE:DUK) against the board of directors of Duke in connection with their efforts to merge the company with Progress Energy, Inc. (“Progress”). The merger agreement provided that Progress’ shareholders would receive common stock of Duke in exchange for each share of Progress common stock. Shareholders who invested in Progress and received merger shares of Duke and currently hold any of those shares, are encouraged to contact our office for a free consultation at (888) 252-0048.
The Duke investigation is based around whether Duke has damaged its credibility and its business prospects after former Progress CEO unexpectedly announced his resignation following the merger between Progress and Duke. Under the terms of the merger agreement, the former chairman and CEO of Progress was supposed to take over as president and CEO of the combined companies. On July 3, 2012, Duke announced that the former chairman and CEO of Progress resigned and that the Duke Chairman and CEO was to remain as CEO by request of the Board of Directors. According to a former Progress director, the Progress board of directors had been misled prior to the merger.
If you are a current shareholder of Duke and would like to learn more about the Duke Breach of Fiduciary Duty Investigation, you may contact our office for a free consultation:
Toll Free: (888) 252-0048Facsimile: (239) 676-8224 E-mail: firstname.lastname@example.org Website: Free Consultation in Duke Energy Corp Lawsuit Investigation About The Investment Losses and Securities Fraud Law Firm of Gilman Law LLP The investment losses and securities fraud lawyers of Gilman Law LLP have over 33 years of experience in securities class action lawsuits and have been involved in all major aspects of securities litigation. Gilman Law LLP specializes in cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. Follow: Investment Losses Blog | facebook.com/GilmanLaw | @GilmanLawLLP | +GilmanLaw
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