Enron Appeals Securities Settlement Decision

Law360, New York (December 14, 2009, 7:33 PM EST) -- Enron Creditors Recovery Corp. is appealing a decision that had been hailed as a victory for investors who collect securities settlements from soon-to-be bankrupt companies.

In a notice of appeal filed Thursday, Enron said it would ask the U.S. Court of Appeals for the Second Circuit to review a decision finding that two ING funds did not have to return early payments received from the former energy giant prior to bankruptcy.

The U.S. District Court for the Southern District of New York had previously reversed a...
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