June 10, 2005

Citigroup Settles Enron-Related Claims

In another early settlement, Citigroup, Inc. (NYSE: C) has announced a preliminary settlement of the claims brought against it as part of the Enron securities class action pending in the S.D. of Texas. The settlement is for $2 billion and will be covered by the company's existing litigation reserves. Bloomberg has this report.

Posted by Lyle Roberts at June 10, 2005 11:45 AM | TrackBack
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