Lieff Cabraser Announces Securities Class Litigation Against Duke Energy Corp

Duke Energy Corp announced that the law firm of Lieff, Cabraser, Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of all persons who purchased the common stock of Duke Energy Corporation between June 11, 2012 and July 9, 2012, inclusive (Class Period), purchased or otherwise acquired Duke Energy common stock pursuant to the Company’s July 7, 2011 Prospectus and Registration Statement and exchanged shares of Progress Energy, Inc. common stock for shares of Duke Energy stock in connection with the merger with Progress. The complaints allege that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them that Duke Energy CEO James E. Rogers, not Progress CEO William D. Johnson, would serve as the CEO of the combined Company after the Merger; Defendants had obtained approval of the Merger from the Progress Board of Directors by failing to disclose that Rogers would act as the CEO of the combined Company.