Law360, New York (April 02, 2007, 12:00 AM ET) -- Enron Creditors Recovery Corp., formerly known as Enron Corp., has returned an additional $1.9 billion to creditors that suffered losses in the energy company’s collapse.
Monday’s allocation marked Enron’s 15th distribution to creditors, and the company said it has given back approximately $11.5 billion to creditors since November 2004. Creditors received distributions each year in April and October, and “catch-up” distributions on an interim basis every two months.
Enron, once the seventh biggest company in the U.S., filed for bankruptcy in December 2001 in the wake...
Creditors Recover $1.9B From Enron
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