Lawsuits targeted board, Cain over retirement fund
Posted in the Ankeny Forum
#1 Nov 21, 2011
ATLANTA (AP)— Republican Herman Cain served on the board of a Midwest utility company that paid $10.5 million to settle claims it failed to protect the retirement savings of its employees and paid another $26.5 million over claims it manipulated gas prices, potentially embarrassing episodes for a candidate running for president on his business experience.
Cain sat on the board of directors for Aquila Inc., a Kansas City-based utility, from 1992 until it was acquired in 2008 by Great Plains Energy Inc. Employees alleged in a class-action lawsuit that they were pressured into investing their retirement funds and other savings into company stock. Cain has been forced to answer questions on the campaign trail about the lawsuit, which was reported by Mother Jones magazine in May.
Add your comments below
|FUNDRAISING SCAM: Family of Child With Cancer C... (Aug '10)||Apr '17||YouKnowRonCallMe||23|
|Jeff Altmayer||Apr '17||Angry mom||2|
|Weightlifter dies after 315-pound barbell drops...||Dec '16||obxmike||1|
|Ankeny to tackle teen drinking (Oct '06)||Mar '16||Concerned citizen||8|
|Review: Fletcher Estates Apartment Homes (Apr '14)||Feb '16||Tyra Jones||6|
|Exclusive: U.S. to shift 50 staff to boost offi... (Sep '15)||Sep '15||Eleanor||1|
|give the gift that keeps on giving (Apr '10)||Sep '15||bribri828||2|
Find what you want!
Search Ankeny Forum Now
Copyright © 2017 Topix LLC