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Duke Energy to pay $146 mln to settle lawsuit over CEO removal
Tuesday March 10th 2015, 12:56 pm Filed under Shareholder lawsuit

Duke Energy Corp said it would pay $146 million to settle a shareholder lawsuit related to the ouster of its chief executive following its merger with Progress Energy in 2012. Duke's board voted to replace Progress CEO Bill Johnson with Duke CEO James Rogers at the helm of the combined company hours after the $18 billion merger closed. Johnson's ouster prompted an investigation by regulators ... [News Source]