Lawsuits targeted board, Cain over retirement fund
Posted in the West Des Moines 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.
#2 Nov 21, 2011
Add your comments below
|Iowans react to Trump's 'locker room talk'||Oct 17||rfsegtsh||3|
|Des Moines Auto glass replacement and Windshiel...||Oct 10||andrew||2|
|I want to be dressed up by VHS cheerleaders||Oct 5||Vhscheerwannabe||1|
|Steel matter is a test case for the IPIB.||Sep 19||Gina||1|
|Ap Fact Check: Trump says Clinton lacks policie...||Sep '16||YouDidntBuildThat||6|
|For Donald Trump, projection emerges as top cam...||Sep '16||Synque||41|
|Donald Trump delivers red meat during Iowa rally||Sep '16||Stephany McDowell||1|
Find what you want!
Search West Des Moines Forum Now
Copyright © 2016 Topix LLC