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Texas Firm To Settle Enron Claims For $18.5M

Law360 (January 23, 2007, 12:00 AM EST) -- A Texas law firm has agreed to shell out $18.5 million to quell potential claims, including legal malpractice, common law fraud and breach of fiduciary duty, from former client Enron Corp. and Enron’s unsecured creditors.

As part of the settlement, Andrews Kurth LLP admits no liability and maintains that its conduct was professionally appropriate, according to court papers filed in Enron’s Chapter 11 case in New York. The agreement, between Andrews Kurth, Enron and its official unsecured creditors committee, still needs the approval of U.S. Bankruptcy...
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