Retirees Score $17.4M In NorthWestern Pension Spat

Law360, New York (February 23, 2007, 12:00 AM EST) -- After a heated battle, a federal jury ruled Thursday that NorthWestern Energy must fork over $17.4 million to a group of retirees that sued the power company after it slashed their supplemental pensions.

Th1e jury handed 15 retired Montana Power Co. executives about $1 million apiece as retribution for NorthWestern’s decision to ditch the group’s pension payments back in 2004.

The verdict capped a 10-day trial in Butte district court, which began on Feb. 12 with U.S. District Judge Brad Newman presiding.

The roots of the...
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