CIBC Defends Its Enron Settlement

Financial Post, Duncan Mavin, 21 March 2007Executives at Canadian Imperial Bank of Commerce are standing by the bank's 2005 decision to settle its Enron Corp.-related problems early, for $2.4-billion, despite a ruling in a United States court this week that may reduce the likelihood of further Enron payouts being imposed on a group of banks that have not yet settled claims against them, including