we dropped Mack as a named defendant for the time being, subject to some understandings we reached with his counsel.

We have reached some understandings

Citigroup was a substantial participant as a financial institution involved in Enron. ... This will have a salutary effect on the others.

phony partnerships set up to inflate the profits.

Why should investors sit passively by and take a couple of cents on a the dollar. This is an extraordinarily powerful tactical weapon.

They wanted to bring us clients for one-third of our fee, and we refused to do that.