Chron Com reports: "Houston-based law firm Andrews Kurth has agreed to pay Enron’s bankruptcy estate $18.5 million to settle potential malpractice claims stemming from legal advice on various transactions.
Enron’s estate never actually sued Andrews Kurth for allegedly signing off on dubious deals, and the law firm denies any wrongdoing in its work for the company.
"As noted in the motion that was filed yesterday with the bankruptcy court, we have continuously denied wrongdoing and culpability with respect to our work for Enron," Andrews Kurth managing partner Howard Ayres said in a statement today. "We felt, though, after the passage of five years, that it was expedient to enter into the settlement to put this matter behind us."
U.S. Bankruptcy Judge Arthur Gonzalez must approve the accord. " The entire article.