NextEra Investors Reach $150 Million ‘Ghost Candidate’ Deal (1)

NextEra Energy Inc. agreed to pay $150 million to end proposed class claims that the major utility company misrepresented to investors its involvement in a Florida election interference scandal.

It’s the “largest settlement of a securities class action” in the US District Court for the Southern District of Florida since a law on this type of litigation was enacted in 1995, investors leading the case said Monday while seeking preliminary approval. If approved, the agreement would end three years of litigation, which went up to an appeals court, over subsidiary Florida Power & Light allegedly channeling funds to straw candidates ...