Enron Corp

Jeffrey McMahon, the former chief financial officer of Enron Corp., has agreed to pay $300,000 to settle fraud charges, the Securities and Exchange Commission said. McMahon also agreed to be barred from serving as an officer or director of a public company for five years, the SEC said. He agreed to the settlement without admitting or denying the charges.

Lawyers who recovered about $7.2 billion in settlements for Enron Corp. investors hurt by the energy trader's collapse are slated to get about $700 million in fees under a plan to distribute the money. Officials of the University of California Regents, the lead plaintiffs in the securities-fraud case, said they would ask a judge in Houston to approve the plan so they could begin paying out funds from settlements with Enron's former lenders.

Enron Corp.'s shocking 2001 collapse was caused by a crisis of confidence in the company's financial prospects and not by a conspiracy involving Kenneth L. Lay and Jeffrey K. Skilling, lawyers for the former corporate chieftains said in the opening arguments of their federal trial here Tuesday.

A former Enron Corp. senior executive Wednesday said the energy-trading company was so obsessed during its heyday with meeting Wall Street's expectations that executives altered official earnings reports and covered up bad news -- all with the knowledge of former Chairman Kenneth L. Lay and Chief Executive Jeffrey K. Skilling. Mark E.

The former head of Enron Corp.'s struggling Internet unit testified Wednesday that he never corrected his boss, Jeffrey K. Skilling, when Skilling allegedly misled Wall Street about the division's financial health in early 2001. "No, I didn't want to talk about that," Kenneth Rice told Skilling lawyer Mark Holscher during cross examination in the fraud and conspiracy trial of former Enron Chief Executive Skilling and former Chairman Kenneth L. Lay.

Enron Corp.'s current and former workers will get $133.9 million in cash as part of their retirement benefits under a settlement announced Thursday between the company and the U.S. Department of Labor. The agreement resolves lawsuits against Enron and its board by former and current workers over the energy trader's 2001 collapse. It also ends a class-action suit brought by Enron's retirees, Secretary of Labor Elaine Chao said Thursday in a statement.

A former top Enron Corp. executive testified at the trial of Kenneth L. Lay and Jeffrey K. Skilling on Wednesday that he regretted taking part in a scheme to disguise massive losses at the energy company. The witness, David Delainey, has provided some of the most damaging testimony yet against former Enron Chief Executive Skilling. However, he could be overshadowed by the prosecution's star witness, former Chief Financial Officer Andrew S.

Executives at Enron Corp.'s money-losing water subsidiary ordered auditors to avoid recording a loss by basing the unit's worth on a nonexistent "growth strategy," a former Enron accountant testified Monday. John R. Sult, a former partner at Enron auditor Arthur Andersen, testified at the federal fraud trial of former Enron Chairman Kenneth L. Lay, 63, and Chief Executive Jeffrey K. Skilling, 52, that he was unable to discover any growth strategy.

Enron Corp. founder and former Chairman Kenneth L. Lay began his long-awaited testimony Monday by declaring his innocence and telling a federal jury that the energy company's 2001 bankruptcy filing turned his American dream into an "American nightmare." Lay quickly drew a distinction between responsibility and blame for Enron's collapse.

The first of three retrials stemming from last year's three-month trial of five former Enron Corp. broadband executives that ended with a hung jury is slated to begin Tuesday next door to the continuing fraud and conspiracy case of company founder Kenneth L. Lay and former Chief Executive Jeffrey K. Skilling.