Marathon, Enron To Settle Turbine Generator Suit

Law360, New York (July 31, 2007, 12:00 AM EDT) -- Edging closer to the settlement of a dispute over warranties that has dragged on for almost six years, Marathon Electric Manufacturing Corp. on Tuesday entered into an agreement with Enron Corp. to resolve all matters between it and the defunct energy company's wind division.

Enron Wind Energy Systems LLC sued Marathon in 2004, after Marathon allegedly refused to honor certain generator warranties. Under the terms of the new settlement agreement, Enron Wind will fully release and discharge Marathon from all claims in the lawsuit.

In return,...
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