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Let us please be civil and as always, Caveat Lector.
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--- Begin Message ---
-Caveat Lector-
JP MORGAN CHASE PRESS RELEASE
JPMorgan Chase announces settlement
of surety case with 10 out of 11 insurers
Thursday January 2, 2003
NEW YORK(BUSINESS WIRE)--J.P. Morgan Chase & Co.
announced today that it has settled its dispute with 10 of
the 11 insurance companies regarding the surety contracts
issued by those companies that guaranteed obligations of
Enron Corp. to JPMorgan Chase under prepaid commodity
forward contracts.
Under the agreement, the insurance companies will pay
approximately 60 percent of the amount of the surety bonds
they wrote. A conference call has been scheduled for 1 p.m.
today to discuss the financial implications of this settlement,
as well as the amount of any additional reserves that the
firm may establish for costs associated with the various
private litigation and regulatory inquiries involving Enron
and the other legal actions, proceedings, and investigations
with which it is involved.
A live audio webcast of the analyst presentation will be
available on www.jpmorganchase.com. In addition, persons
interested in listening into today's call may dial 973-582-2754.
A replay of the presentation will be available beginning at 3
p.m. ET today and continuing through 6 p.m. ET on January
8, 2003, at 973-341-3080, PIN number 3677083. The replay will
also be available on www.jpmorganchase.com.
-END-
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
<A HREF="http://www.ctrl.org/";>www.ctrl.org</A>
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance�not soap-boxing�please! These are
sordid matters and 'conspiracy theory'�with its many half-truths, mis-
directions and outright frauds�is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:
http://peach.ease.lsoft.com/archives/ctrl.html
<A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of
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<A HREF="http:[EMAIL PROTECTED]/";>ctrl</A>
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