Judge approves first Enron settlement

A judge in Houston, Texas, has approved the first settlement to emerge from shareholder and employee lawsuits stemming from Enron’s collapse.

More than a year ago, Andersen Worldwide SC – now AWSC Societe Cooperative, the international umbrella organisation that used to include Arthur Andersen - agreed to pay $40m (€35m) to settle claims filed on behalf of Enron investors and former employees.