Citigroup has agreed to pay Enron Corp creditors $1.66 billion as the final part of a settlement of a lawsuit over banks’ responsibility in the energy trading firm’s downfall, a group representing creditors said Wednesday.
The group said that in addition to the payment, Citi has agreed to waive and release additional claims.
(Reporting by Michael Erman; editing by John Wallace)
Copyright 2026 Reuters. Click for restrictions.
Topics Claims
Was this article valuable?
Here are more articles you may enjoy.
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
