|[August 17, 2012]
Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Duke Energy Corporation
LOS ANGELES --(Business Wire)--
Glancy Binkow & Goldberg LLP announces that all persons who acquired the
common stock of Duke Energy (News - Alert) Corporation ("Duke" or the "Company")
(NYSE:DUK) in connection with the Company's merger (the "Merger") with
Progress Energy Inc. ("Progress"), and all persons who purchased or
otherwise acquired Duke common stock between June 28, 2012 and July 9,
2012 (the "Class Period"), 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.
Duke, together with its subsidiaries, operates as an energy company in
the United States and Latin America. The Complaint alleges that the
Company failed to disclose and misrepresented that: (i) Duke's current
chief executive officer, James E. Rogers ("Rogers") - and not William D.
Johnson, who before the Merger was the head of Proress - would serve as
the CEO of the combined Company after the Merger: and (ii) approval for
the Merger was obtained from the Progress board of directors by failing
to disclose that Rogers would act as the CEO of the combined company.
If you acquired Duke common stock in connection with the Company's
merger with Progress, and/or purchased Duke common stock between June
28, 2012 and July 9, 2012, you may move the Court no later than
September 24, 2012 to serve as Lead Plaintiff; however, you must meet
certain legal requirements. To be a member of the Class you need not
take action at this time; you may retain counsel of your choice or take
no action and remain an absent Class member. To learn
more about this action, or if you have any questions concerning this
Notice or your rights or interests with respect to these matters, please
contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067, by
telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to firstname.lastname@example.org,
or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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