Enron Creditors Strike Deal With Lay Widow

Law360, New York (June 20, 2011, 3:37 PM EDT) -- Enron creditors on Friday asked a New York bankruptcy judge to approve a settlement with Linda Lay, widow of the defunct company's deceased CEO, in a deal that would end an eight-year-old dispute with diminishing potential returns.

A July 7 hearing has been set before U.S. Bankruptcy Judge Arthur J. Gonzalez in the suit brought by Enron Creditors Recovery Corp. against Linda and Ken Lay in 2003 — more than two years after Enron went bankrupt but prior to the disgraced executive's death in July 2006....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.