UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
November 2006
Barclays PLC and
Barclays Bank PLC
(Names of Registrants)
1 Churchill Place
London E14 5HP
England
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No x
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
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This Report is a joint Report on Form 6-K filed by Barclays PLC and Barclays
Bank PLC. All of the issued ordinary share capital of Barclays Bank PLC is
owned by Barclays PLC.
This Report comprises:
Information given to The London Stock Exchange and furnished pursuant to
General Instruction B to the General Instructions to Form 6-K.
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EXHIBIT INDEX
'Statement re Legal Proceeding' dated 03 November 2006
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of
the registrants has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BARCLAYS PLC
(Registrant)
Date: November 03, 2006 By: /s/ Patrick Gonsalves
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Patrick Gonsalves
Deputy Secretary
BARCLAYS BANK PLC
(Registrant)
Date: November 03, 2006 By: /s/ Patrick Gonsalves
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Patrick Gonsalves
Joint Secretary
3 November 2006
BARCLAYS PLC
STATEMENT RE: LEGAL PROCEEDINGS
Barclays PLC and Enron Corp. have reached an agreement to settle the litigation
arising from Enron's bankruptcy estate in the U.S. Bankruptcy Court for the
Southern District of New York.
Under the terms of the settlement, which follows similar settlements between
Enron and many of its creditors after the company declared bankruptcy, Barclays
will make a payment of $144 million in cash to Enron to settle all claims
asserted against it by Enron in the litigation and Enron will allow Barclays
claims filed in the bankruptcy totalling $310 million.
Barclays has agreed to a negotiated settlement of the claims in this matter
because this is preferable to the time, expense and unpredictability of
litigation. Barclays believes that it is in the best interests of shareholders
that the litigation is resolved. The resolution reflects Barclays lesser role
relative to others involved in the litigation surrounding Enron's bankruptcy.
The settlement will have no impact on Barclays earnings in 2006 as an adequate
provision had already been made for the likely cost in prior periods.
In reaching the settlement, Barclays has denied any wrong-doing or liability.
The settlement is subject to the approval of the United States Bankruptcy Court
in the Southern District of New York and other conditions.
This action, which was brought by the Enron estate, is a separate action from
the principal class action pending in the federal court in Houston, Texas, from
which Barclays has been dismissed, and the other actions that have been
consolidated and coordinated therewith.
- ENDS -
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