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...
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