More Former Expanets Execs Accused Of Fraud

Law360, New York (July 25, 2007, 12:00 AM EDT) -- Two former officers of a subsidiary of utility NorthWestern Corp. have been accused by the U.S. Securities and Exchange Commission of overstating the financial performance of the company.

The suits, which were filed in the U.S. District Court for the District of Colorado, accuse John C. Charters and Richard E. Fresia, the former CEO and CFO respectively of the subsidiary, Expanets Inc., of financial and disclosure fraud.

Charters settled with the SEC without admitting or denying the allegations, as is standard. He is permanently enjoined from...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.