Saturday, March 10, 2007
The court approved a $72.5 million settlement of investors' claims against Arthur Andersen in the Enron class action securities fraud action. Plaintiffs' attorneys said it was the most they could get from the defunct accounting firm. Investors' attorneys have already obtained more than $7.3 billion from Enron's banks and lawyers. See WPost, Arthur Andersen Settlement Approved for Enron Investors.