Enron Creditors Recovery Corp. announced that it reached an agreement with Credit Suisse International and Credit Suisse Securities (USA) LLC to settle a case it brought against the investment bank as part of the Enron bankruptcy proceeding.

According to the terms of the agreement, Credit Suisse will pay Enron $61.5 million in cash. In entering into the settlement, Credit Suisse denies any liability. The settlement is subject to the approval of the U.S. Bankruptcy Court for the Southern District of New York.

Commenting on the settlement, John Ray III, Enron’s board chairman, said, “We are pleased with this settlement reached with Credit Suisse and look forward to successfully resolving the remaining equity transactions cases.”

With this settlement, all bankruptcy proceedings between Enron and Credit Suisse are resolved. Equity transactions cases remain pending against UBS AG and Bear, Stearns, the firm added.