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.
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
