Last 3 Banks In $120M Enron Debt Investor Suit Settle
Law360 (January 10, 2019, 4:54 PM EST) -- Credit Suisse, Deutsche Bank and Merrill Lynch have settled out of a more than 15-year-old lawsuit brought by a group of investment funds seeking to hold them and others responsible for losses on $120 million of Enron Corp. debt purchased shortly before the energy giant’s 2001 collapse.
In an order entered Thursday, U.S. District Judge J. Paul Oetken dismissed the remaining claims asserted against the banks by Canadian investor Silvercreek Management Inc. and four fund affiliates, citing settlement agreements from just before the new year. The dollar amount of the deals hasn’t been disclosed, but the settlements included no admissions of...
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