USD 63.9542

0

EUR 71.1299

0

BRENT 58.87

-0.42

AI-92 42.27

+0.01

AI-95 46.03

0

AI-98 51.75

-0.02

Diesel 46.26

+0.01

27

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.