Barclays settles Enron bankruptcy claim
Bank pays out to resolve lawsuit arising from bankruptcy, but continues to face class action
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 dispute arose as a result of outstanding transactions at the time of
There are separate class
action proceedings from Enron shareholders in relation to Barclays too,
which have yet to be resolved.