Enron Creditors Look To Rake In $149M

Law360, New York (July 18, 2007, 12:00 AM EDT) -- A slew of defendants sued by the Enron Creditors Recovery Corp. over commercial paper transactions leading up to the defunct energy company's spectacular collapse in 2001 have agreed to shell out more than $149 million to settle the charges against them.

Enron Creditors Recovery Corp., the reorganized version of Enron, filed a motion on Tuesday asking U.S. Bankruptcy Judge Arthur J. Gonzalez to approve the settlement pact, under which the settling defendants, through an escrow agent, would pay Enron a total of $149,218,691.37.

The settling defendants...
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