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
05.11Integrated Water Services, Inc. Acquires Hi-Line Industries to Strengthen Turnkey Solutions
05.11ArcticRx Cold Chain Breakthrough Prevents Pharmaceutical and Food Loss
05.11Waste Pro Awards $30,000 to Athens Employees Celebrating 20 Years of Service
05.11Alterra, Neste and Technip Energies Partner to Advance Chemical Recycling
04.11Casella Waste Systems Advocates for Composting at Pumpkin Smashing Event
04.11Sydney, Australia Landfill Facing Capacity, Officials Stress for New Solutions
04.11WM Receives Approval from Canada for Stericycle Acquisition
04.11Western Australian State Government Awards Grant to Livium for EV Battery Recycling Plant
Energy and Environment »
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
06.11Eastern North Pacific Tropical Weather Outlook
More »