Vinson & Elkins, Enron's former outside law firm, has agreed to pay the company $30 million to settle claims of contributing to the failed energy giant's 2001 collapse by signing off on fraudulent or shaky deals. The law firm, which once earned up to $40 million annually from Enron before the disgraced company cratered, admitted no liability in the settlement. Vinson & Elkins partner Harry Reasoner says the firm settled to avoid "the burdens of protracted litigation."
June 02, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Enron Corp.’s former outside law firm, Vinson & Elkins, has agreed to pay the company $30 million to settle claims of contributing to the failed energy giant’s 2001 collapse by signing off on fraudulent or shaky deals.
The firm, which once earned up to $40 million annually from Enron before the disgraced company cratered, admitted no liability in the settlement.
Presented by BigVoodoo
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
