By Joey Gardiner, 21 February 2002 16:52
NEWS Accounting giant Andersen is reported to have offered Enron creditors a $260m settlement over allegations it helped the energy giant cover-up its financial troubles. According to USA Today the firm has offered to settle out of court with the creditors, many of whom have lost life-savings in the Enron debacle. The $260m cash deal is also thought to be supplemented by an undisclosed amount of Andersen assets. Andersen has been widely held responsible for allowing Enron to go to the wall, and has also been accused of illegally helping the firm cover-up fraudulent behaviour.
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