Former NorthWestern Execs Settle With SEC

Law360, New York (April 26, 2007, 12:00 AM EDT) -- Four former executives of utility NorthWestern Corp. accused of concealing problems at the company have agreed to settle with the U.S. Securities and Exchange Commission.

Former CEO Merle Lewis and former chief operating officer Richard Hylland will each pay a $150,000 penalty and will be barred from serving as an officer or director of a public company for five years. Former chief financial officer Kipp Orme will pay $100,000, and former controller Kurt Whitesel will be fined $25,000.

The settlements will bring an end to allegations...
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