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Alaska Air Group Statement On Bloomberg News Report
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10/7/2010 3:13 p.m.
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SEATTLE — 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.
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