Barclays settles Enron bankruptcy claim

Barclays has agreed to pay $144m (£76m) to extract itself from an Enron lawsuit.

The energy giant had been claiming that the bank owed it $144m, whilst Barclays claimed Enron owed it $310m. A bankruptcy court will now decide how much, if any of the $310m Barclays is owed, the Guardian reported.

The dispute arose as a result of outstanding transactions at the time of Enron's collapse.

There are separate class action proceedings from Enron shareholders in relation to Barclays too, which have yet to be resolved.

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