Legal

P Morgan to Pay $2.2B to settle Enron Lawsuit

J.P. Morgan has agreed to pay $ 2.2 billion to settle a class-action lawsuit by investors of the defunct Enron Corp.

Citigroup Agrees to Pay $2 billion to Settle Enron Suit

Citigroup Inc. the biggest financial institution in the United States has agreed to pay $ 2 billion to settle class action lawsuit brought by Enron investors. It said money will be distributed to investors who purchased Enron stocks and debt securities between September, 1997, and December, 2001, when the energy-trading company collapsed in an accounting scandal.

Microsoft feels the deadline heat

The software giant, Microsoft’s deadline to comply with remedies imposed for violating antitrust laws is inching closer.