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Federal appeals court revives FPL ‘ghost candidate’ funding lawsuit
The 11th Circuit found a broader disclosure could prove material fines and reputational harm linked to political misconduct, reviving the securities fraud suit.
Summary by Sun-Sentinel
3 Articles
3 Articles
Federal appeals court revives FPL ‘ghost candidate’ funding lawsuit
TALLAHASSEE — A federal appeals court Wednesday revived a securities-fraud lawsuit that alleges Florida Power & Light and its parent company made misleading statements about issues such as funding “ghost” candidates to influence elections. A three-judge panel of the 11th U.S. Circuit Court of Appeals overturned a decision by U.S. District Judge Aileen Cannon that dismissed the potential class-action lawsuit filed by investors. The stock price of…
·Deerfield Beach, United States
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Court Revives FPL Securities Case
TALLAHASSEE — A federal appeals court Wednesday revived a securities-fraud lawsuit that alleges Florida Power & Light and its parent company made misleading statements about issues such as funding “ghost” candidates to influence elections
·Tallahassee, United States
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Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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