Enron – (2006) $7.2 billion
Written by Andrew Sarski on June 8, 2012
In 2006, investors in Enron stock filed lawsuits under both federal and state securities laws, against Enron Corporation, Enron’s accountant Arthur Anderson, individual Arthur Anderson partners and employees, individual Enron officers and directors, and Enron’s former law firm, Vinson & Elkins. The lawsuit alleged that Enron engaged in fraud by concealing from losses from investors. Because Enron’s primary corporate losses were attributed to Enron-controlled special purpose entities, they were not disclosed in annual reports or SEC filings. The $7.2 billion settlement paid out by Enron compensated shareholders who stock in the company became worthless during the company collapse.