Bloomberg cites people familiar with the case as saying that the 15-member committee of Enron creditors, which includes Citigroup and JP Morgan, is demanding up to half of the funds. Shareholders and employees who have sued would then get the rest.
Andersen is due to stand trial on obstruction of justice charges on May 6th. The firm is also being investigated by the US Securities & Exchange Commission over its audit of Enron. The former energy giant lost $68bn in market value last year after financial misstatements were revealed.
Creditors Fight Over Enron Money
Bloomberg reports that Andersen's proposed $300m settlement of damage claims over its audit of Enron are believed to have stalled partly due to arguments among creditors over who should get the money.
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