Ex-Directors at Enron to Chip in on Settlement
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Ten former Enron directors have agreed to pay $13 million out of their own pockets as part of a settlement with onetime shareholders.
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A former assistant treasurer at Enron Corp. (ENRNQ.PK: Quote, Profile, Research) agreed to plead guilty to conspiracy to committing securities fraud on Tuesday and will cooperate
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NEW ORLEANS, Feb. 5 (Bloomberg News) â Two investment banks, Merrill Lynch and Credit Suisse, asked a federal appeals court yesterday to end a class-action lawsuit by Enron investors seeking $40 billion that they lost when the energy trader collapsed in 2001.
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A former high-ranking Enron official agrees to a plea deal with US prosecutors, as the company auctions off its natural gas pipelines.
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NEW YORK, Sept. 23 -- Investment banking firm Lehman Brothers Holdings Inc. is nearing an agreement to pay approximately $200 million to settle a shareholder lawsuit over its work for bankrupt energy trader Enron Corp., sources familiar with the case said.
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WASHINGTON : Four former Merrill Lynch bankers and a former Enron executive were convicted by a Texas jury on criminal charges for carrying out a fraudulent deal that helped the notorious energy trader inflate its earnings.
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HOUSTON, Oct. 7 -- The government prepared Thursday to rest its fraud and conspiracy case against four former Merrill Lynch & Co. executives and two former mid-level Enron Corp. executives, following testimony from a key Enron executive that a barge sale was a sham designed to inflate profits.
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By James Daley in London and Katherine Griffiths in New York. Three former NatWest bankers who are fighting extradition to the US over their alleged involvement in a Â£4m fraud linked to the collapse of Enron
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Swiss bank UBS  agreed to pay Enron Corp. creditors $115 million in cash to settle a lawsuit related to equity transactions, the successor to the bankrupt energy trader said on  Wednesday.
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HOUSTON, Sept. 25 -- Former Enron Corp. finance chief Andrew S. Fastow soon may be headed to prison -- but not without a parting shot at the banks that he says helped the company disguise its financial problems.
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Three British former bankers extradited  to the United States this week pleaded not guilty in federal  court on Friday to fraud charges linked to a deal with defunct  energy giant Enron Corp.
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As part of the settlement, UBS will withdraw its claim for about $5 million against Enron.
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Six former executives of Enron Corp. and Merrill Lynch &amp; Co. on Tuesday were accused by a federal prosecutor of disguising a $7 million loan as a sale of energy-producing barges to &quot;help Enron out of a jam.
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Enron Corp creditors said on Thursday they have filed court documents seeking remedies from benefits outsourcing firm Hewitt Associates Inc  for mistakes made in allocating funds from legal settlements stemming from the energy trader's collapse.
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Bee Staff Writer. The University of California, negotiating on behalf of Enron Corp. investors, reached a $222.5 million settlement Friday with the Lehman Brothers brokerage firm over its part in the multibillion-dollar Enron debacle.
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Ten former directors tentatively agree to pay $54M -- including $18M out of their own pockets -- to settle part of a class-action securities lawsuit stemming from the company's accounting scandal.
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Former Enron executive Raymond Bowen  agreed to pay $500,000 to settle charges of earnings  manipulation, the U.S. Securities and Exchange Commission said  on Monday.