Citigroup has agreed to pay Enron Corp creditors $1.66 billion as the final part of a settlement of a lawsuit over banks’ responsibility in the energy trading firm’s downfall, a group representing creditors said Wednesday.
The group said that in addition to the payment, Citi has agreed to waive and release additional claims.
(Reporting by Michael Erman; editing by John Wallace)
Copyright 2024 Reuters. Click for restrictions.
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