SBC, Enron Reach Truce In Bankruptcy Battle

Law360, New York (January 10, 2008, 12:00 AM EST) -- The Enron Creditors Recovery Corp. and Standard Chartered Bank Inc. have laid down their weapons in the fight over now-defunct energy giant Enron Corp.'s reorganization plan, reaching a settlement regarding the bank's $24 million claim against three Enron subsidiaries.

In an order handed down on Wednesday, Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York approved a stipulation filed jointly by the Enron creditors and SCB in which the parties agreed to settle all claims and issued raised in a...
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