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....
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