NextEra Energy Shareholders: 7/25/2023 Plaintiff Filing Deadline in Securities Class Acti- Contact Lieff Cabraser

Rhea-AI Summary

National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP is urging shareholders of NextEra Energy, Inc. (NYSE:NEE) who suffered losses between December 2, 2021, and February 1, 2023, to join a securities fraud class action. The action alleges that NextEra was exposed to legal and reputational risk due to allegations of campaign finance law violations. NextEra denied involvement, but its CEO, Eric Silagy, appears to have participated in the alleged wrongdoing. NextEra's shares fell 8.71% on January 25, 2023, when the company disclosed the higher risk and Silagy's resignation.

SAN FRANCISCO, CA / ACCESSWIRE / July 10, 2023 / National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP urges shareholders in NextEra Energy, Inc. ("NextEra" or the "Company") who suffered losses from trading NextEra securities (NYSE:NEE) between December 2, 2021 and February 1, 2023 to contact our Securities and Investment Fraud practice group immediately regarding pending securities fraud class action against NextEra. The final date to apply to be a lead plaintiff is July 25, 2023.

Class Period: December 2, 2021 - February 1, 2023

Lead Plaintiff Motion Deadline: July 25, 2023

Case information: lieffcabraser.com/securities/nextera

Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358

NextEra is a power and utility holding company based in Florida. NextEra's primary subsidiary, Florida Power and Light Co. ("FPL"), is the largest electric utility in the United States.

The action alleges that defendants made false and/or misleading statements and/or failed to disclose that NextEra was exposed to significant legal and reputational risk relating to allegations that FPL and its political consulting firm, Matrix LLC ("Matrix"), had violated state and federal campaign finance laws.

Beginning in December 2021 and continuing through 2022, news outlets reported that FPL and its political consultants had funneled millions of dollars through dark money organizations toward improper activities, including funding "ghost candidates" for the sole purpose of directing votes away from disfavored candidates in close elections, spying on journalists, and dictating positive news coverage by a local news organization.

NextEra and FPL responded to this negative coverage by publicly denying involvement in, or provision of financial support for, any "ghost candidates," as well as other wrongdoing. These denials were misleading because senior executives of FPL - including its CEO, Eric Silagy - appears to have participated in the wrongdoing alleged by news outlets.

On January 25, 2023, NextEra disclosed that FPL was at higher risk for legal and reputational damage due to the allegations of political misconduct against FPL and its executives. NextEra also announced that Silagy resigned. On this news, the price of NextEra shares fell 8.71% to close at $76.59 per share on January 25, 2023.

The price of NextEra shares fell an additional $1.96 per share, or 2.55%, between January 26, 2023 and January 31, 2023, on reports that NextEra executives disclosed to analysts that Silagy's exit agreement included a multi-year "claw back on compensation for any legal wrongdoing," thereby acknowledging the link between Silagy's departure and the new risk disclosure statement concerning legal and reputational risk arising from political misconduct.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a "Plaintiffs' Powerhouse" by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.

CONTACT:
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com

SOURCE: Lieff Cabraser Heimann & Bernstein, LLP

View source version on accesswire.com:
https://www.accesswire.com/765794/NextEra-Energy-Shareholders-7252023-Plaintiff-Filing-Deadline-in-Securities-Class-Acti-Contact-Lieff-Cabraser

FAQ

What is the press release about?

The press release is about a securities fraud class action against NextEra Energy, Inc. (NYSE:NEE) and the urging of shareholders to join the action.

What are the allegations against NextEra?

The action alleges that NextEra was exposed to legal and reputational risk due to allegations of campaign finance law violations.

What did NextEra deny?

NextEra denied involvement in or provision of financial support for 'ghost candidates' and other wrongdoing.

What happened on January 25, 2023?

NextEra disclosed that its subsidiary, Florida Power and Light Co. (FPL), was at higher risk for legal and reputational damage due to the allegations of political misconduct. NextEra also announced the resignation of its CEO, Eric Silagy.

How did NextEra's shares react to the news?

On January 25, 2023, NextEra's shares fell 8.71% to close at $76.59 per share.