Barclays has reached an agreement to pay bankrupt energy trader Enron $144 million to settle outstanding litigation. Barclays denies any wrongdoing or liability and “believes that it is in the best interest of shareholders that the litigation is resolved,” according to a press release. The bank also reported that the payment will not damage 2006 earnings.
Barclays Pays $144 Million To Settle Enron Allegations
Barclays has reached an agreement to pay bankrupt energy trader Enron $144 million to settle outstanding litigation. Barclays denies any wrongdoing or liability and "believes that it is in the best interest of shareholders that the litigation is resolved," according