Byline: KRISTEN HAYS Associated Press
HOUSTON -- Andersen Worldwide SC, the international umbrella organization that includes auditing firm Arthur Andersen LLP, has agreed to pay $40 million to settle lawsuits from Enron Corp. investors and employees.
The settlement, announced Tuesday, is the first to emerge from a $25 billion lawsuit filed on behalf of Enron investors, led by the University of California, and another lawsuit filed by former employees in the aftermath of the failed energy company's swift collapse last year in a swirl of accounting scandals.
Andersen Worldwide serves as the coordinating entity for the international network of …
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