J.P. Morgan Chase & Co. announced it has settled its dispute with 10 of the 11 insurance companies regarding the surety contracts issued by those companies that guaranteed obligations of Enron Corp. to JPMorgan Chase under prepaid commodity forward contracts.
Under the agreement, the insurance companies will pay approximately 60 percent of the amount of the surety bonds they wrote.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
At-Bay to Be Acquired by Munich Re for $575 Million 
Jury Finds No Gun Defect, Sides With Sig Sauer in Unintended Discharge Case 
