DUKE ENERGY INVESTIGATION INITIATED BY FORMER LOUISIANA ATTO
NEW ORLEANS, March 1, 2019 /PRNewswire/ -- 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 (NYSE: DUK).
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 Americans."
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 protected]), 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
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC