Alfa, ING Keep Money In Enron Securities Dispute

Law360, New York (November 20, 2009, 5:00 PM EST) -- In a victory for investors who collect securities settlements from soon-to-be bankrupt companies, noteholders including Alfa SAP and two ING funds will not have to return early payments they received from Enron to the Enron Creditors Recovery Corp.

The U.S. District Court for the Southern District on New York on Thursday reversed a bankruptcy court order and instructed the bankruptcy court to enter summary judgment in favor of Alfa and ING regarding payments they received for Enron notes.

The ING funds are ING VP Balanced Portfolio...
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