Enron Settlement: $7.2 Billion To Shareholders, $688 Million To Lawyers

Details

Publish Date:

September 9, 2008

Author(s):

Hays, Kristen

Source:

The Houston Chronicle

Related Organization(s):

Securities Class Action Clearinghouse (SCAC)

Summary

Stanford Law’s Securities Class Action Clearinghouse is referenced in a Houston Chronicle story about a record settlement between Enron and its shareholders resulting from a class action lawsuit following the company’s bankruptcy in 2001:

The $7.2 billion in settlements is the largest ever in U.S. securities litigation. The second-largest was WorldCom’s $6.1 billion, according to the Securities Class Action Clearinghouse at Stanford University.