Enron investors to receive funds
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TIMES WIRE REPORTS
Enron Corp. investors today will begin receiving their share of $7.2 billion recovered in settlements with the failed energy trader’s lenders, auditors and directors.
The University of California, the lead plaintiff in the case, will initially start distributing nearly $5 billion to about 200,000 investors. Eligible buyers of Enron’s common stock will receive about 20% of their allowed losses.
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