June 24, 2005

Enron Pacts Help U. of California

By PAUL FAIN

The University of California has announced two large settlements within the course of a week in its pursuit, as lead plaintiff, of a class-action lawsuit filed by investors in the Enron Corporation. The first settlement was for $2-billion with Citigroup. It was followed a few days later by a $2.2-billion settlement with J.P. Morgan Chase & Company.

The university and other plaintiffs in the lawsuit allege that the two financial institutions aided Enron in fraudulent financial

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