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Citigroup to Settle With Enron Investors: $2 Billion Payment Covered by Reserves

Date: June 11, 2005
Author: Carrie Johnson
QUOTE: Despite recent signs of push-back against corporate governance reforms and a few setbacks in business fraud prosecutions, legal experts said the huge settlement underscores that gatekeepers such as investment bankers and auditors will be held accountable for helping clients mislead investors about their financial health.

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