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Stock impact report

Court revives Florida Power & Light fraud lawsuit [CBS News]

NextEra Energy, Inc. (NEE) 
Last nextera energy, inc. earnings: 4/22 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.nexteraenergy.com
Company Research Source: CBS News
A three-judge panel of the 11th U.S. Circuit Court of Appeals overturned a decision by U.S. District Judge Aileen Cannon that dismissed the potential class-action lawsuit filed by investors. The stock price of NextEra Energy, FPL's parent, plunged in January 2023 after the company made disclosures in U.S. Securities and Exchange Commission filings about issues such as legal risks related to allegations of political misconduct. Also, NextEra disclosed at the time that FPL Chief Executive Officer Eric Silagy was stepping down. The plaintiffs contend that NextEra and FPL had earlier made misleading statements about the issues. Wednesday's appeals-court opinion said that after reporters had started looking into potential election wrongdoing, NextEra and FPL officials "denied all direct and indirect involvement to the press and asserted the allegations had 'no basis.' NextEra relayed that same message to investors on an earnings call." "But after some time, leadership began to bac Show less Read more
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