Home › Duke Energy to pay $146 million to settle lawsuit over CEO ouster
 

Keywords :   


Duke Energy to pay $146 million to settle lawsuit over CEO ouster

2015-03-10 17:03:34| Oil & Gas - Topix.net

America's largest electric company said Tuesday that it is settling a lawsuit that claimed shareholders lost millions of dollars when Duke Energy surprised investors by ousting its CEO hours after a long-anticipated buyout of its smaller neighbor. Charlotte-based Duke Energy said its insurers and shareholders would pay $146 million to end the lawsuit filed after the company completed its July 2012 buyout of Raleigh-based Progress Energy Inc. The company set aside $26 million for the amount not covered by insurance and said consumers would not pay the cost.

Tags: pay million energy ceo

Category:Energy and Environment

Latest from this category

All news
20.09AE Elemental Opens Advanced Lithium-Ion Battery Recycling Facility in Poland
20.09Ag-West Bio Invests in Saskatchewan Startup Focused on Diverting Waste From Landfills
19.09This Week in Waste: Top Stories September 16 September 19, 2024
19.09Milton, Fla. to End Recycling Program, Cites Contamination as Main Facto\
19.09Michigan Judge Blocks Delivery of Radioactive Waste from New York to Michigan
19.09HelloFresh, Denali Divert 4 Million Pounds of Pre-Production Food Waste from Phoenix Landfills
19.09KT Capital Acquires Majority Interest in Recycling Equipment Incorporated
19.09LRS Exchange MRF Wins 2024 NWRA Recycling Facility of the Year Award
Energy and Environment »
22.09Eastern North Pacific Tropical Weather Outlook
22.09Eastern North Pacific Tropical Weather Outlook
22.09Atlantic Tropical Weather Outlook
21.09Atlantic Tropical Weather Outlook
21.09Eastern North Pacific Tropical Weather Outlook
21.09Strategies to minimize fallback pigs in the nursery
21.09This Week in Agribusiness, Sept. 21, 2024
21.09This Week in Agribusiness, Sept. 21, 2024
More »