Monday, December 22, 2014

Follow us:
News 14 Carolina is on Facebook Follow us on Twitter! RSS 


Federal lawsuits filed over Duke-Progress merger

  • Text size: + -
TWC News: Federal lawsuits filed over Duke-Progress merger
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

out of 10

Free Video Views Remaining

To get you to the stories you care about, we are offering everyone 10 video views per month.

Access to our video is always free for Time Warner Cable video customers who login with their TWC ID.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

RALEIGH – Two former Progress Energy shareholders have filed federal lawsuits against Duke energy alleging securities fraud related to the Progress-Duke merger.

The lawsuits said Duke Energy CEO Jim Rogers and company directors misled Progress shareholders about who would lead the combined company.

Shareholders allege Duke intentionally lied about plans to oust Progress CEO Bill Johnson after the merger deal closed.

Other stockholders have filed similar suits and more are likely to come as the probe into the leadership shakeup grows. ClientIP: UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP