Glancy Binkow & Goldberg LLP said that all persons who purchased the common stock of Duke Energy Corporation (DUK) in connection with the company's merger and all persons who bought or otherwise acquired Duke common stock between June 28, 2012 and July 9, 2012, have until September 24, 2012 to file a motion with the court to be appointed as lead plaintiff.
The securities fraud class action lawsuit was filed in the United States District Court for the Eastern District of North Carolina.
The complaint alleges that Duke failed to disclose and misrepresented that: (i) Duke's current chief executive officer, James Rogers and not William Johnson, who before the merger was the head of Progress - would serve as the CEO of the combined company after merger: and (ii) approval for the merger was received from the Progress board of directors by failing to disclose that Rogers would act as the CEO of the combined company.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.