May 6, 2005

U. of California Settles With Dynegy

By GOLDIE BLUMENSTYK

The University of California will share in a $468-million settlement of a lawsuit against Dynegy Inc., a Houston-based energy company that the university had accused of securities fraud in 2002. The settlement, in which the company did not acknowledge any wrongdoing, was announced in April.

The amount the university will receive under the agreement is still to be determined. Although it was a major shareholder, owning more than four million shares, there were also thousands of other