Court Approves $15M Allegheny Settlement

Law360, New York (June 4, 2007, 12:00 AM EDT) -- A district court judge has approved the $15 million settlement reached in the consolidated class action suit filed against energy company Allegheny Energy Inc., bringing an end to a protracted legal battle.

Judge James K. Bredar of the U.S. District Court for the District of Maryland gave the green light to the settlement on Thursday.

“Defendants supported the motion for final approval of settlement and took no position on the motion for fees. In consideration of the motions, and in light of the parties' positions, it...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.