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Judge OKs $6.6 billion Enron settlement

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Rainscents Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-24-06 06:48 PM
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Judge OKs $6.6 billion Enron settlement
http://www.msnbc.msn.com/id/12952850/

Updated: 2 hours, 51 minutes ago

HOUSTON - A federal judge gave final approval Wednesday for three more banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. manipulate earnings.

U.S. District Judge Melinda Harmon approved the deals with the Canadian Imperial Bank of Commerce, JPMorgan Chase & Co. and Citigroup Inc. Her ruling came as a jury in another courtroom continued to deliberate the fate of Enron founder Kenneth Lay and former chief executive Jeffrey Skilling in a criminal fraud and conspiracy trial.
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