Resurrected lawsuit puts FPL’s past controversies back in the spotlight

Photo illustration. Deirdre Conner/The Tributary

FROM OUR FRIENDS AT THE TRIBUTARY By Nate Monroe, The Tributary November 28, 2025 An investor lawsuit accusing Florida Power & Light’s parent company, NextEra, and several current and former executives of securities fraud can move forward, a panel of federal appeals judges ruled this week in a remarkable resurrection of the case. The suit, which has two Florida pension funds as the lead plaintiffs, argues that the company made misleading statements as Florida newspapers several years ago uncovered evidence of a wide range of misdeeds, including involvement in efforts to warp Florida elections through the use of “ghost” candidates, use of dirty tricks to acquire Jacksonville’s city-owned electric utility, surveillance of a journalist and attempts to control media coverage. Last year, U.S. District Judge Aileen Cannon dismissed that class-action lawsuit against NextEra, finding that the lead investors had failed to demonstrate that any of the company’s statements during a maelstrom of news coverage about those controversies was sufficiently misleading. A panel of 11th U.S. Circuit Court of Appeals judges sharply disagreed.

Resurrected lawsuit puts FPL’s past controversies back in the spotlight

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