Actionable news
0
All posts from Actionable news
Actionable news in DUK: DUKE ENERGY CORPORATION,

Regulation FD

On October 21, 2015, Duke Energy Corporation (the Corporation) and Duke Energy Ohio, Inc. (Duke Energy Ohio) announced that they had entered into a settlement agreement in which the Corporation agreed to pay approximately $81 million (the Settlement Amount) out of shareholder funds to end a class action lawsuit,

Anthony Williams et al. v. Duke Energy Corp. et al.

, in which the plaintiffs asserted that contracts between Duke Energy Retail Sales, LLC, a former subsidiary of the Corporation, and certain large industrial and business customers of the Corporation violated state and federal antitrust and other laws by providing financial benefits through those contracts that other customers did not receive. The Corporation and Duke Energy Ohio denied the allegations and maintained that they had complied with all state and federal laws but agreed to settle the case to avoid the...


More