Washington (May 2, 2002) - With a criminal trial looming next week, Andersen got more bad news Wednesday when a mediator overseeing talks to settle Enron-related civil lawsuits announced the negotiations dead.
"We regret that talks regarding a civil settlement with the lead class plaintiff, the Enron bankruptcy estate, and company creditors have ended," Andersen said in a statement late Wednesday. "We worked in good faith over the last several months to resolve these matters to the benefit of all parties. During these discussions, considerable progress was made, but unfortunately, the plaintiffs could not resolve several differences among themselves and with defendants other than Arthur Andersen."
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