Allegheny Energy Inc. Agreed to Settle A Class Action Lawsuit for $4 Million

Allegheny Energy Inc. has agreed to settle a consolidated class action litigation currently pending against the company and some of its current and former directors for $4 million.

The proposed settlement remains subject to court approval, following notice to class members, the utility company said in a statement.

Link [today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-12-21T195249Z_01_WNAS6301_RTRIDST_0_ALLEGHENYENERGY-LAWSUIT-URGENT.XML&rpc=66&type=qcna]

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