Deutsche Bank Settles Enron "Megaclaim"

Law360 (December 18, 2007, 12:00 AM EST) -- The 10th of the 11 so-called megaclaim settlements between defunct energy company Enron Corp.'s creditors and major investment banks has been reached, this time with Deutsche Bank entities agreeing to pay out $25 million to settle claims that they contributed to Enron's fraud.

Aditionally, under the terms of the settlement, which Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York will be considering for approval in a hearing scheduled for Dec. 27, Deutsche Bank would receive $35.5 million from...
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