NEW YORK, March 18, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential breaches of fiduciary duty by certain officers and directors of Duke Energy Corporation (NYSE: DUK).
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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.”
If you would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Duke Energy and Encourages Investors to Contact the Firm please go to https://bespc.com/duk/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.