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Article: Lehman Bros. settles lawsuit with University of California.

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Knight Ridder/Tribune Business News
Article date:
October 30, 2004
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By Mary Flood, Houston Chronicle Knight Ridder/Tribune Business News

Oct. 30--The University of California announced on Friday a $222.5 million settlement with Lehman Bros. in the Enron Corp. shareholder lawsuit.

If approved by the court, this would be the third and largest chunk of money to be put in the pot for shareholders and their lawyers. It is unclear when wronged shareholders with lawsuits would get any money.

In July, the University of California, the lead plaintiff in the lawsuit, reached an agreement with Bank of America for a $69 million settlement.

And last November, U.S. District Judge Melinda Harmon approved the ...

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