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Merrill Lynch Settles Enron Lawsuit for $29.5 Million

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According to newratings.com, Merrill Lynch agreed to a settlement in which it will pay $29.5 million to Enron in order to resolve allegations of fraud. Enron has settled lawsuits against many financial institutions including Merrill Lynch, Lehman Brothers Holdings, CIBC and Credit Suisse after accusing them of involvement in Enron’s accounting scandal.