Enron Subsidiaries' Claims Unresolved: British Bank

Law360, New York (November 2, 2007, 12:00 AM EDT) -- Standard Chartered Bank is seeking roughly $2.7 million from the reorganized Enron Corp. for claims against several former Enron subsidiaries. The claims were allegedly not resolved in 2005, when SCB agreed to release Enron itself from a debt of $24.5 million.

SCB filed a motion to enforce the reorganization plan Wednesday in the U.S. Bankruptcy Court for the Southern District of New York.

The London-based bank asked the court to compel Enron Creditors Recovery Corp., which is essentially the reorganized version of the defunct energy giant,...
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