NEW ORLEANS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24DUK&src=ctag” target=”_blank”gt;$DUKlt;/agt; lt;a href=”https://twitter.com/hashtag/DUK?src=hash” target=”_blank”gt;#DUKlt;/agt;–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into Duke Energy Corporation
On February 1, 2019, the Wall Street Journal reported that, based
on a filing by the North American Electric Reliability Corp., a
nonprofit oversight entity, and people familiar with the matter, the
Company was facing a $10M fine by the Federal Energy Regulatory
Commission for numerous violations of safety and cyber security rules,
including “repeated failures to implement physical and cyber security
protections,” and that the Company had “failed to protect sensitive
information on its most critical cyber assets and allowed employees
without proper clearances to access computerized records for more than
four years.” According to the report, the 127 violations cited presented
a serious risk to “the eastern interconnection, the web of electric
utilities east of the Rocky Mountains that furnishes electricity to most
KSF’s investigation is focusing on whether Duke’s officers and/or
directors breached their fiduciary duties to Duke’s shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Duke shares and would like to discuss
your legal rights, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (email@example.com),
or visit https://www.ksfcounsel.com/cases/nyse-duk/
to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner