Ex-DPL Execs Settle Payout Suit For $25M

Law360, New York (May 21, 2007, 12:00 AM EDT) -- Three former executives of regional energy and utility company DPL Inc. will receive about 20% of the $134 million in deferred compensation they sought in litigation, according to a settlement unveiled by DPL Monday.

DPL alleged former Chairman Peter H. Forster, former Group Vice President Caroline E. Muhlenkamp and former president and CEO Stephen F. Koziar Jr. committed fraud, conspiracy and breach of fiduciary duties. The three allegedly bilked the company out of millions in cash, bonuses and stock options and made an early withdrawal of...
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