TITLE

IDD OutTakes

PUB. DATE
August 2005
SOURCE
Investment Dealers' Digest;8/22/2005, Vol. 71 Issue 33, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents news developments related to the finance industry in the U.S., as of August 22, 2005. JPMorgan Chase & Co. agreed to pay Enron Corp. $350 million to settle claims that it helped the company's former management defraud stockholders. That makes JPMorgan the first U.S. bank to settle the so-called "MegaClaims" case, the proceeds from which go to Enron's bankruptcy estate. In another development, Citigroup Inc. has hired Steven Fisch as cohead of its U.S. healthcare investment-banking group, with overall responsibility for its life sciences sector in the U.S.
ACCESSION #
18014202

 

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