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Ex-CEO Of Florida Power Firm Profited From Dubious Stock Sales
- By The Financial District
- Dec 20, 2023
- 1 min read
Former Florida Power & Light CEO Eric Silagy allegedly made millions through questionable stock sales amid a political scandal at the energy company, according to a federal court lawsuit reported by the Miami Herald.
The focus of the lawsuit is on Silagy selling over 62,000 shares in December 2021, earning $5.4 million. I Photo: Florida Power & Light Facebook
The lawsuit, filed by investors Sara Lewis and James Lewis, accuses current and former officers and board members of NextEra Energy, Inc., the parent company of Florida Power & Light, of violating federal securities laws.
The focus is on Silagy selling over 62,000 shares in December 2021, earning $5.4 million. The investors purchased stock in NextEra Energy between December 2, 2021, and January 30, 2023, shortly after Silagy's departure was announced.
