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Andersen Worldwide to Pay $40M to Settle Enron Claims

Andersen Worldwide, the umbrella organization that includes auditing firm Arthur Andersen, has agreed to pay $40 million to settle lawsuits from Enron investors and employees, plaintiffs' attorneys said Tuesday. The settlement is the first to emerge from a $25 billion class action filed on behalf of Enron investors and another from former employees. The suits are seeking much more from remaining defendants.

August 28, 2002 at 12:00 AM

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