NextEra Energy, Inc. (NEE) Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline i
Robbins LLP informs investors that a shareholder filed a class action on behalf of persons or entities that purchased or otherwise acquired NextEra, Energy, Inc. NEE securities between December 2, 2021 and February 1, 2023. NextEra is one of the largest power and utility holding companies in North America. NextEra's primary subsidiary is Florida Power and Light Co. ("FPL"), the largest vertically integrated regulated utility in Florida.
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What is this Case About: NextEra Energy, Inc. (NEE) Failed to Disclose that FPL's Surreptitious Orchestration of Political Misconduct Exposed it to Substantial Legal and Reputational Risk
According to the complaint, beginning in December 2021, media outlets began reporting that FPL and its political consulting firm, Matrix LLC had orchestrated a range of improper political expenditures including potential violations of state and federal campaign finance laws. Specifically, reports alleged that FPL's political consultants had used a network of nonprofits to surreptitiously steer funding to spoiler "ghost candidates" intended to derail the campaign efforts of unfriendly legislators seeking reelection to the Florida state legislature during the 2020 election cycle. Later reports alleged that FPL had spied on journalists after the publication of unsupportive reporting, and improperly courted public officials with job offers while bidding to privatize certain public utilities.