Duke Energy CEO suit News

Duke Energy Corp. agreed to a $27 million settlement of claims that directors wrongfully concealed their plan to fire Chief Executive Officer William Johnson just minutes after the company closed on its $13.7 billion merger with Progress Energy Inc. Duke …

America’s largest electric company will pay nearly $150 million to settle claims that shareholders lost millions when it ousted its CEO in a surprise move after a long-anticipated buyout. Duke Energy said last week its insurers and shareholders would pay …