The class-action settlement is the biggest in the long-running Enron debacle and one of the largest in corporate history, though less than the $2.58 billion Citigroup agreed to pay WorldCom Inc. investors in 2004.
Analysts said the agreement with Citigroup, the world's largest financial services company, could prompt settlements from other banks facing claims for their roles in Enron's December 2001 collapse.
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