Wednesday, July 18, 2007

Enron creditors recover $149 mln in settlement

(Reuters) - The settlement with Enron Creditors Recovery Corp., which legally changed its name from Enron Corp. on March 1, resolves claims against roughly 80 defendants, court papers show. Enron accused the defendants of receiving preferential treatment and fraudulent transfers at the expense of other creditors.




Among the settling defendants are affiliates of Allstate Corp , Lehman Brothers Holdings Inc , Merrill Lynch & Co , Northern Trust Co and Prudential Financial Inc , court papers show.


Read more at Reuters.com Bonds News

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