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Enron investors to share billions

September 10, 2008|From Times Wire Services

Enron Corp. shareholders and investors will split about $7 billion from financial institutions accused of participating in the fraud that caused the once-mighty energy company to collapse.

The settlement amount was listed at $7.2 billion, a sum that has been accruing interest since 2002 and includes $688 million plus interest in attorneys' fees.

The deal, approved late Monday by U.S. District Judge Melinda Harmon in Houston, and the attorneys' fees are the largest in history in a U.S. securities fraud case.

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