Comment: Aquila officials continue to deny wrongdoing

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Aquila officials continue to deny wrongdoing

"Aquila officials continue to deny wrongdoing and say they're settling the case to get it behind them. "It's always more efficient to resolve the issues in a case rather than follow through the courts," spokesman Al Butkus said....

.....The settlement covers an estimated 7,000 current or former Aquila employees who bought or owned retirement plan shares between Jan. 1, 1999, and May 5, 2004, although not all of them will be eligible for benefits, Krasner said...

...At the time, Aquila, then named UtiliCorp United Inc., was beginning to aggressively participate in the risky energy trading business."
http://www.sddt.com/news/article.cfm?SourceCode=20070725fav

NJ