John Downey
Senior Staff Writer
"At least seven law firms are publicly soliciting Progress Energy shareholders for potential class-action suits challenging the company’s proposed $13.7 billion sale to Duke Energy.
Such solicitations follow merger announcements as night follows day. Official word of the merger crossed the wires with a joint announcement at 7 a.m. Monday. The first law-firm solicitation the Charlotte Business Journal found crossed the wire two hours later"
SC Utility News Digest - a Service of the Terreni Law Firm, LLC
Tuesday, January 11, 2011
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- Progress to Brief PSC on Merger Plans
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