Taking their own company to court:
The plaintiff in the case, a Duke investor in Philadelphia named Judy Mesirov and her law firm Rigrodsky & Long of New York, asked for the complaint to be sealed because it includes confidential material the utility provided to them during discussions before the suit was filed, says Duke spokesman Dave Scanzoni.
In public documents from the suit, Mesirov accuses current and former board members and some Duke executives of wasting corporate assets and exposing the company to billions of dollars in liability over environmental problems they created. It says they “consciously and routinely endangered the lives and health of the public, wildlife and vegetation by exposing them to carcinogens and by polluting North Carolina’s and Virginia’s environment.”
Yes, they did. But I do find myself wondering: If Duke's management team had acted proactively, spending the tens of millions it would have taken to build proper (lined) coal ash containment ponds and other approaches to stop leaking from occurring, would the shareholders have punished them for cutting into dividends? Not defending Duke Energy per se, but major stockholders in publicly-traded corporations are notorious for only being concerned with quarterly profits and not the long-term health of the company. I'm sure there are some exceptions, but not nearly as many as our (overall) economy needs.