The drums are beating for potential class-action suits against Piedmont Natural Gas’ board over the company’s proposed $4.9 billion sale to Duke Energy.
To date at least 15 law firms have advertised for potential clients who own Piedmont (NYSE: PNY) stock, saying they plan to investigate the propriety of Duke’s (NYSE: DUK) $60 per share cash deal for the Charlotte-based natural gas company.
All of the firms are practiced in shareholder suits over mergers. The Rosen Law Firm of New York was…
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