September 6, 2002
U. of Calif. System Settles Andersen Suit
The University of California system has agreed to accept $40-million to settle its claims against Andersen Worldwide SC, a defendant in the class-action lawsuit brought by investors who were burned in the Enron Corporation's meltdown.
Andersen Worldwide is the international arm of the discredited accounting firm Arthur Andersen LLP; both are among the scores of defendants named in the lawsuit.
The university was named lead plaintiff in the case earlier this year, having lost
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