June 15, 2005

J.P. Morgan Settles Enron-Related Claims

The dominos are beginning to fall. On the heels of Citibank's settlement, JPMorgan Chase & Co.(NYSE: JPM) 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 $2.2 billion, bringing the total settlements in the case to $4.7 billion and counting. The Washington Post has this article.

Posted by Lyle Roberts at June 15, 2005 10:45 PM | TrackBack
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