Ex-Dynegy Execs Settle With SEC

Law360, New York (October 1, 2007, 12:00 AM EDT) -- Five years after energy company Dynegy Inc. admitted to manipulating balance sheet transactions to hide losses, three of the company's former executives have settled with the U.S. Securities and Exchange Commission.

The SEC said Monday that former Dynegy chief financial officer Robert D. Doty Jr., former vice president of taxation Gene S. Foster and former manager of accounting deal structure Helen C. Sharkey had agreed to settle allegations stemming from a $300 million accounting fraud known as Project Alpha.

According to the SEC complaint against Doty,...
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