Alaska Air Group Statement on Bloomberg News Report
SEATTLE, Oct. 7 /PRNewswire/ -- Bloomberg News reported today that the U.S. Securities and Exchange Commission is investigating Alaska Air Group Chairman and CEO Bill Ayer and Donald Smith & Co. in connection with trading activity in Puget Energy, a Washington state utility. Bloomberg also reported that Ayer and Smith have not been accused of wrongdoing.
"I never provided any material non-public information about Puget Energy to Donald Smith & Co., or anyone else," Ayer said in a written statement to Bloomberg.
"The Alaska Air Group board of directors has full confidence in Bill and his high ethical standards," said Marc Langland , the board's lead independent director.
SOURCE Alaska Air Group
More by this Source
Alaska Air Group Reports April Operational Results
May 03, 2013, 08:00 ET
Alaska Air Group Reports Record Adjusted First Quarter 2013 Results
Apr 25, 2013, 08:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.