Enron Legacy Returns in Battle Over $80 Million Yacht
- Enron Nigeria says it’s owed money over suspended power deal
- Company wants $22 million from sale of seized Galactica Star
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Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with U.S. and Nigerian authorities over the proceeds of the sale of a luxury yacht.
The dispute pivots on the Galactica Star -- a 213-foot vessel once worth more than $80 million. The boat features a glass-bottom jacuzzi, a sky lounge bar and marble bathroom fittings.