Bear Stearns Pays $1M To Settle Enron Suit

Law360, New York (October 29, 2007, 12:00 AM EDT) -- Bear Stearns has become the latest company to settle with Enron Corp. creditors after agreeing to pay $1 million to finish a lawsuit related to equity transactions Bear Stearns made in the weeks leading up to the energy company's collapse.

The settlement motion between Bear Stearns and Enron Creditors Recovery Corp. was filed in court dockets on Friday. It still requires court approval and includes no admission of wrongdoing by Bear Stearns.

The case related to Enron's allegations that guidance from the company’s financial advisers contributed...
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