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M.H. Davidson & Co. et al v. Progress Energy, Inc. et al
Case Number:
1:11-cv-05520
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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November 02, 2011
Progress To Settle With CVO Holders Over $42M Loss
Progress Energy Inc. struck a settlement Wednesday to end a lawsuit alleging it stiffed holders of its contingent value obligations some $42 million by adopting an improper tax position in 2005 in violation of an agreement related to an earlier merger.
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August 11, 2011
CVO Holders Hit Progress Energy With $42M Fraud Suit
Progress Energy Inc. was accused Tuesday in New York of stiffing holders of its contingent value obligations some $42 million by adopting an improper tax position in 2005, in violation of an agreement related to an earlier merger.