Another loose end to the Enron Corp. saga was tied last week when the bankrupt energy giant's former law firm, Vinson & Elkins, agreed to pay the company $30 million to settle claims of contributing to its collapse by signing off on questionable deals.
The firm said that it decided to settle the matter to avoid further litigation costs. As part of the settlement, which must be approved by a federal bankruptcy court judge, the firm admitted no liability and will waive claims against the Enron estate for $3.9 million in service fees.
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