Lehman Bros. pays millions for Enron suit
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new yorkâLehman Brothers Holdings Inc., the fifth-biggest American securities firm, agreed to pay $222.5 million (US) to resolve a suit filed by investors over the bank&#39;s role as an underwriter for Enron Corp.
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Citigroup Inc. C.N faces a lawsuit  from angry investors who allege they were defrauded in a  "massive scheme of deception" when they bought securities tied  to the credit-worthiness of bankrupt energy trader Enron Corp.  ENRNQ.PK
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Investment banking firm Lehman Brothers Holdings Inc. is nearing an agreement to pay approximately $200 million to settle a shareholder lawsuit over its work for bankrupt
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Swiss bank UBS   agreed to pay Enron Corp. creditors $115 million in cash to settle a lawsuit related to equity transactions, the successor to the bankrupt energy trader said on  Wednesday.
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Over 17,000 former Enron or Enron-affiliated workers, who had money tied to four pension plans when the company collapsed in 2001 amidst revelations of accounting fraud, will receive their benefit payments.
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The firm led by Enron Corp.'s  ENRNQ.PK acting chief executive asked a bankruptcy judge for  a $25 million "success fee" for its efforts in shepherding the  collapsed energy trader through nearly three years under  Chapter 11 bankruptcy, a court filing shows.
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US investment bank Lehman Brothers has offered to pay up to 800 million pounds (1.15 billion euros, 1.43 billion dollars) to buy British bankers Cazenove, the Financial Times reports.
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Credit Suisse Group Inc.  will pay Enron Corp. creditors $61.5 million to settle a lawsuit related to equity transactions, the successor to the bankrupt energy trader said on Friday.
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WASHINGTON -- The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed amid a massive accounting fraud.
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Former Enron executive Raymond Bowen  agreed to pay $500,000 to settle charges of earnings  manipulation, the U.S. Securities and Exchange Commission said  on Monday.
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Lehman Brothers Holdings Inc.  is close to settling a class action lawsuit for &#36;220 million stemming from allegations that it colluded with other brokerages to mislead Enron Corp.  shareholders, the Wall Street Journal reported on Thursday.
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Citigroup was sued this week by a group of institutional investors that contend the bank defrauded them in selling $2.4 billion of notes linked to the creditworthiness of the Enron Corporation.
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Bee Staff Writer. The University of California, negotiating on behalf of Enron Corp. investors, reached a $222.5 million settlement Friday with the Lehman Brothers brokerage firm over its part in the multibillion-dollar Enron debacle.
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- Enron Corp. on Tuesday said it distributed about $3.37 billion to its creditors, taking the total distribution since November 2004 to $9.40 billion.
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The estate of Kenneth Lay, who died after being convicted of heading a fraud that destroyed Enron Corp. , agreed to pay $12 million to settle claims on behalf of participants in company pension plans, the Labor Department said.
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_ An alleged side deal between Enron Corp. and Merrill Lynch &amp; Co. in 1999 shows how Enron was willing to employ suspect financial practices to meet lofty earnings targets, prosecutors said.
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SAN FRANCISCO (CBS.MW) -- Lehman Brothers agreed to pay $222.5 million to settle an Enron securities class action suit, the University of California said Friday.