Lehman agrees to pay $222.5m to settle Enron suit -- WorldTradeStocks.com

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Subject: Lehman agrees to pay $222.5m to settle Enron suit

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Date Posted: 04:38:44 10/30/04 Sat

Lehman agrees to pay $222.5m to settle Enron suit
NewsStand - Friday, October 29, 2004

CBS MarketWatch.com

Matt Andrejczak

SAN FRANCISCO (CBS.MW) -- Lehman Brothers agreed to pay $222.5 million to settle an Enron securities class action suit, the University of California said Friday. UC is the lead plaintiff in the suit that charged Lehman with making misstatements about Enron's business when it underwrote securities offerings for the bankrupt energy trader. The settlement is subject to court approval. Bank of America settled similar claims for $69 million this past July.

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