$21M Verdict In NorthWestern Pension Spat Affirmed

Law360, New York (October 15, 2009, 6:10 PM EDT) -- Montana's highest court has affirmed a $21.5 million jury verdict in favor of 15 former Montana Power Co. executives whose retirement benefits were slashed without notice after the company was purchased by NorthWestern Corp.

The Montana Supreme Court handed down a ruling Wednesday affirming a Butte County Superior Court jury's award for the plaintiffs of about $17.5 million in compensatory damages and another $4 million in punitive damages following a 10-day trial.

The high court did, however, remand the case to the trial court to reduce...
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