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17

Enron Law Firm Expects the Largest Fee Ever Paid

If the judge approves the payout, it will be the largest yet paid in a securities fraud case

The law firm that helped investors in failed energy giant Enron secure a $7.2bn settlement hopes to earn fees of $700m, BBC News reported.

If the judge approves the payout to Coughlin Stoia Geller Rudman and Robbins, it will be the largest yet paid in a securities fraud case.

Enron hid billions of dollars in debts, in one of the biggest of a series of scandals that hit corporate America.

Investors won compensation from banks they accused of helping Enron.

These banks included JP Morgan Chase and Citigroup.