Enron 
Creditors Recovery Corp., (formerly known as Enron Corp.), intimated that Credit Suisse has finally agreed to pay $61.5 million to resolve a lawsuit over the bankruptcy of the former energy trading giant. Enron, entered bankruptcy proceedings in December 2001 after its accounting tricks could no longer hide the billions in debt or make failing ventures appear profitable. This payment will clear all insolvency procedures between the energy major and Credit Suisse. However, Credit Suisse denied of any liability standing to its credit, which is only subject to the approval of the U.S. Bankruptcy Court for the Southern District of New York. John J. Ray III, Enron’s Chairman expressed satisfaction over the arrangement and hopes to resolve the remaining equity transaction cases.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
IIPM going global
IIPM Alliances
Warming up for doomsday?
If you have it, flaunt it
IIPM RANKED AHEAD OF FIVE OF THE IIMS
A beach resort… Come for a month, at least
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Money for nothing...
Topic: India – China: A Growth Comparison
Who says US is on the brink of a recession?...
Thanda karta sabko ek
IIPM Infrastructure : Campus
Creditors Recovery Corp., (formerly known as Enron Corp.), intimated that Credit Suisse has finally agreed to pay $61.5 million to resolve a lawsuit over the bankruptcy of the former energy trading giant. Enron, entered bankruptcy proceedings in December 2001 after its accounting tricks could no longer hide the billions in debt or make failing ventures appear profitable. This payment will clear all insolvency procedures between the energy major and Credit Suisse. However, Credit Suisse denied of any liability standing to its credit, which is only subject to the approval of the U.S. Bankruptcy Court for the Southern District of New York. John J. Ray III, Enron’s Chairman expressed satisfaction over the arrangement and hopes to resolve the remaining equity transaction cases.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
IIPM going global
IIPM Alliances
Warming up for doomsday?
If you have it, flaunt it
IIPM RANKED AHEAD OF FIVE OF THE IIMS
A beach resort… Come for a month, at least
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Money for nothing...
Topic: India – China: A Growth Comparison
Who says US is on the brink of a recession?...
Thanda karta sabko ek
IIPM Infrastructure : Campus
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