This error can be resolved by going to C:\Users\[username]\AppData\Roaming\EW4App\EW4App\4.0.0.0 and deleting any XML files whose name starts with 'TrignoSettings'. There may be more than one.
Restart the Control Utility and it should start normally.
If you have further questions or concerns about this, please contact your local Technical Support Representative by completing the online form located HERE.