Enron Investors Strike Deal With Ex-CEO To End 16-Year Saga

Law360 (April 5, 2019, 11:16 PM EDT) -- Former Enron Corp. CEO Jeffrey Skilling cut a deal that ends a 16-year-old lawsuit brought by a group of investors over losses on $120 million of Enron debt purchased shortly before the energy giant's 2001 collapse, according to filings made Friday in New York federal court.

U.S. District Judge J. Paul Oetken dismissed the remaining claims against Skilling in a Friday order after the plaintiffs, Canadian investor Silvercreek Management Inc. and four fund affiliates, told the court they had reached a settlement-in-principle with the former Enron chief.

Details of the settlement were not disclosed, and neither side responded to requests for...

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