We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Enron, Dynegy Reach $44M Settlement

Law360 (October 6, 2006, 12:00 AM EDT) -- A subsidiary of energy company Dynegy Inc. has agreed to pay former rival Enron Corp. $44 million in order to settle the long-running litigation between the two companies.

Dynegy Holdings Inc. will make the payment to the bankrupt energy giant, bringing an end to a dispute begun in 2001 over a “master netting” agreement.

Master netting agreements let companies offset losses from negative transactions with gains from positive deals. The two companies had an agreement whereby amounts owed to Enron by Dynegy would be set off...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.