In a span of just three business days, J.P.Morgan and Citigroup settled the claims against them in the Enron securities class action for $2.2 billion and $2.0 billion, respectively.  J.P. Morgan's settlement is the third largest of all-time, behind only  Cendant's $2.851 billion settlement in 2000 and Citigroup's $2.575 billion settlement in the WorldCom case.  Citigroup's $2 billion Enron settlement is the fourth largest settlement ever (tied with J.P. Morgan's $2.0 billion settlement in the WorldCom case).

As discussed in this CNN Money article entitled "The $12 Billion (and Counting) Payback," the total Enron settlement pool has now reached $4.7 billion, and will undoubtedly climb much higher.  The $12 billion figure noted in the title of the article is a reference to the ISS Settlement Pipeline, a metric that we created here last year to measure the amounts of all pending or tentatively announced settlements for which the claim deadline has not passed.  When we introduced the ISS Settlement Pipeline less than one year ago, the number stood at a then-startling $5.55 billion dollars.  In the months since then, however, the ISS Settlement Pipeline has exploded as the result of massive settlements in  WorldCom, Enron, McKesson and many other cases.

As for the many quotes from that Carton guy in the CNN Money article, as always you should consider the source.