A class action lawsuit on behalf of about 20,000 Enron employees who alleged mismanagement of their 401 (k) plans resulted in a July 2005 settlement of $356 million against Enron and 401 (k) manager …

Sep 9, 2008 · The $7.2 billion in settlements is the largest ever in U.S. securities litigation. The second-largest was WorldCom’s $6.1 billion, according to the Securities Class Action Clearinghouse at …

Dec 3, 2025 · Arthur Andersen, the once-venerable accounting firm indicted, convicted and destroyed after the collapse of Enron, has reached an agreement to pay $65 million to resolve a class-action …

Sep 21, 2006 · The University of California Board of Regents today (Sep. 21) approved a $72.5 million settlement with the accounting firm of Arthur Andersen LLP in the Enron Corp. securities litigation.

Jun 11, 2024 · These lawsuits resulted in significant settlements, including a $7.2 billion settlement in a class-action lawsuit against Enron’s banks, auditors, and law firms. The Enron scandal underscored …

Nov 24, 2025 · The Enron scandal was a series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur …

The money recovered by the SEC will be distributed to defrauded investors. The SEC's Enron investigation is continuing and additional funds may be recovered. At the appropriate time, the SEC …

Mar 13, 2007 · In a settlement reached, Arthur Andersen will pay $72.5 million to resolve all claims in the class action litigation. Investors also will get $2 million in accrued interest.

Dec 6, 2025 · Learn how the Andersen Effect emerged from the Enron scandal, reshaping auditing standards for better corporate governance and preventing future accounting errors.

The consolidated complaint states that the investment bankers and attorney defendants had extensive dealings with Enron over the years, and participated in multiple offerings and other financial …