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10 Sep 2008
Enron shareholders are just months away from receiving their piece of a $7.2bn (£4.1bn) settlement, after a judge approved a distribution plan.
US district judge Melinda Harmon approved distribution to eligible shareholders, who could potentially take their share by the end of the year, reported the Houston Chronicle.
A spokesman for the law firm handling the litigation said the approval was a 'big step' towards distribution.
The payout will be the highest ever in US securities litigation, beating WorldCom litigation payout of $6.1bn.
The bulk of the payouts were funded by various financial institutions, former auditors Andersen, and Enron directors.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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