[August 17, 2012]

Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Duke Energy Corporation

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 shareholders@glancylaw.com, 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.

[ Back To Human Capital Management's Homepage ]