New York, New York--(Newsfile Corp. - June 21, 2023) - Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, is reminding investors that the deadline to move for lead plaintiff in a securities class action lawsuit against NextEra Energy, Inc. (NYSE: NEE) ("NextEra" or the "Company") and certain other defendants (collectively, "Defendants") is July 25, 2023.
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The action, which was filed in the U.S. District Court for the Southern District of Florida asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") on behalf of a Class consisting of all persons who purchased or otherwise acquired NextEra common stock between December 2, 2021 and February 1, 2023, inclusive (the "Class Period"), and who were damaged thereby (the "Class").
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 the State of Florida.
According to the complaint, during the Class Period, Defendants misled investors by failing to disclose that NextEra faced substantial legal and reputational risk as a result of FPL's alleged political misconduct, among other things. And, when the market began to learn the truth, the value of NextEra's stock suffered significant declines, falling $7.31 per share on January 25, 2023, and wiping away $14.5 billion in market capitalization.
Lead Plaintiff Deadline
The Lead Plaintiff deadline in this action is July 25, 2023. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.
What You Can Do
If you purchased NextEra common stock during the Class Period, and suffered damages, realized or unrealized, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or jzimmerman@scott-scott.com, for more information.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
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CONTACT:
Scott+Scott Attorneys at Law LLP
Jonathan Zimmerman
(888) 398-9312
jzimmerman@scott-scott.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/170763
