Citigroup has agreed to pay Enron Corp creditors $1.66 billion as the final part of a settlement of a lawsuit over banks’ responsibility in the energy trading firm’s downfall, a group representing creditors said Wednesday.
The group said that in addition to the payment, Citi has agreed to waive and release additional claims.
(Reporting by Michael Erman; editing by John Wallace)
Copyright 2024 Reuters. Click for restrictions.
Was this article valuable?
Here are more articles you may enjoy.
Supplemental Claims Don’t Need to Include Damage Estimates, Fed Appeals Court Says 
Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting 
Synopsys Sued by Private Equity Firm for Shopping $3 Billion Unit 
CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.