ELR Citation: 44 ELR 20245
No(s). 14-cv-5495 (S.D.N.Y. Nov 10, 2014) (Forrest, J.)

A district court approved a $5.15 billion settlement agreement—the largest such recovery in American history—resolving two lawsuits in which a spin-off company and the U.S. government asserted fraudulent transfer and other claims against an energy company and its parent. In 2006, the energy comp...