The Frankowski Firm, LLC announces the commencement of an investigation into Duke Energy Corporation, ("Duke" or the "Company") to determine whether it has violated securities laws by issuing false and misleading statements to its shareholders in light of recent disclosures made about the Company's $32 billion merger with Progress Energy.
On July 2, 2012, Duke closed it $32 billion merger with Progress Energy. Shortly after the merger closed, Duke fired its CEO, prompting a former Progress Energy director to announce that the Progress Energy board of directors had been mislead prior to the merger. The North Carolina Utilities Commission has also announced that it was revisiting whether it was mislead as to the terms of the merger. When the true nature of the merger was revealed to investors, the share price of Duke's stock dropped significantly on high trading volume. We are investigating whether the Company issued false and misleading statements to the investing public in connection with the merger.
What You Can Do
If you are a Duke shareholder, you may have legal claims under the securities laws. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Richard Frankowski via toll-free telephone at 888-390-0036. There is no cost to you.