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Cauvin and Ann E

Eligible shareholders whose Enron holdings became worthless when the company crumbled in scandal will receive $7.2 billion in settlements under a distribution plan approved in federal court.
And the California-based law firm that ran massive Enron shareholder litigation for more than six years will get $688 million - plus interest - for its work, U.S. District Judge Melinda Harmon ruledlate Monday.
'We're pleased that the court recognizes the tremendous amount of work, skill and determination required to overcome significant obstacles in this complicated case and recover over $7 billion for defrauded investors,' said Patrick Coughlin, chief trial counsel for the firm that ran the litigation, Coughlin Stoia Geller Rudman - Robbins.
The $7.2 billion in settlements is the largest ever in U.S. securities litigation. The second-largest was WorldCom's $6.1 billion, according to the Securities Class Action Clearinghouse at Stanford University.
Shareholders eligible for a payout must have purchased Enron stock between Sept

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