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JPMorgan-Enron Settlement: $1 Billion

The investment bank agrees to pay up $350 million and boost that total by dropping claims against the failed energy giant.

> > JPMorgan Chase & Co. has agreed to pay $350 million to Enron Corp. to settle "MegaClaims" litigation stemming from the bankruptcy of the company. The investment bank also agreed to drop claims against the energy giant, bringing the total value of the settlement to an estimated $1 billion, according to Enron.
Source: CFO


Published:2005-08-19
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