Andersen settlement

Andersen Worldwide has come to agreement with Enron investors and creditors on a US$60mn settlement of a class action suit, while denying any liability or wrongdoing. Investors will receive US$40mn and creditors US$20mn, far less than the US$300mn offered by the US arm of Andersen earlier this year when it still hoped to survive. The current settlement does not cover Andersen’s US arm, but little financial compensation can now be expected therefrom.