Just when I thought Enron was dead and gone, I read an article on CNN detailing the results of the civil suit investors brought against financial institutions accused of helping to bring about the downfall of the ginormous energy company based in Texas.
Apparently the settlement was the largest in history in regards to securities and fraud cases, and 1.5 million investors will split $7.2 billion based on their proportion of stock owned at the time the company went bust. That is incredible.
2 comments:
Too bad Enron probably doesn't have that cabash in the bank.
Enron isn't paying it.
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