SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 02, 2012 13:32 ET

The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Duke Energy Corporation of Class Action Lawsuit and the Deadline of September 24, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Aug 2, 2012) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of North Carolina on behalf of investors who purchased shares of Duke Energy Corporation (NYSE: DUK) ("Duke") common stock between June 11, 2012 and July 9, 2012 (the "Class Period"). The complaint alleges violations of the Securities Exchange Act of 1934 in relation to materially misleading information.

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In January 2011, Duke Energy reached an agreement to merge with Progress Energy Incorporated ("Progress Energy"). Part of that transaction stated that Progress Energy's CEO, William Johnson, would serve as CEO of the post-Merger Company. Thereafter, Duke's Securities and Exchange filings and public disclosures consistently reinforced this agreement. Then on July 3, 2012, Duke revealed that Johnson had resigned, and Duke CEO James Rogers would serve as CEO of the combined company. Shares of Duke common stock plummeted upon this news.

If you suffered a loss in Duke you have until September 24, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171