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Wednesday, Feb 8, 2023

JPMorgan, TD Settle Enron Suit

JPMorgan Chase & Co. on Tuesday said it will pay $350 million in cash to resolve claims it helped Enron Corp. commit accounting fraud, leading to the energy trader’s 2001 bankruptcy.


Toronto-Dominion Bank agreed to pay $70 million in cash to resolve its portion of the litigation. Both agreed to forego some of their own claims against Enron.


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