Law Firm Drops $16M Over Failed Enron Deal

Law360, New York (March 30, 2007, 12:00 AM EDT) -- Law firm Murtha Cullina LLP has agreed to pay $16.25 million to the Connecticut Resources Recovery Authority for its poor advisement during a failed deal with Enron Corp.

Under the settlement, announced Thursday, Connecticut Attorney General Richard Blumenthal dropped his lawsuit against the firm in exchange for the money and for Murtha Cullina’s cooperation in other Enron litigation.

“This $16.25 million recovers for the law firm’s key contribution to the Enron catastrophe – misadvising CRRA about looming financial debacle and legal disaster in the deal,” Blumenthal...
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