Duke Progress merger challenged by stockholder in court filing

from www.wral.com a short time ago:

RALEIGH, N.C. — A Duke Energy shareholder filed suit in Delaware Tuesday charging the company's board of directors with acting in bad faith and conspiracy in their ouster of Progress Energy CEO Bill Johnson from the leadership role of the newly merged utility. The suit names 11 members of the Duke board and the company itself as defendants.

This lawsuit filed in Delaware could be very interesting.