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Citigroup Forks Out $2 billion To Settle Enron Suit

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Citigroup has agreed to pay $2 billion to Enron Corp. to settle a class action lawsuit from investors. Citigroup was accused of having a role in a big accounting fraud scandal at Enron. This is a huge settlement, but Citigroup has made bigger ones. Previously, the company agreed to pay $2.58 billion to investors in relation to a scandal involving WorldCom.

Citigroup Forks Out $2 billion To Settle Enron Suitlatest ebusiness news.

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