Enron Status

Last week, the Houston Chronicle had a feature article discussing the status of the Enron securities litigation.

Quote of note: “Assuming all the existing settlements get court approval, there already is more than $7.8 billion — that’s billion with a b — gaining interest in the name of disappointed Enron shareholders and ex-employees. Lawyers inside the class-action cases, where most of the cash is accumulating, think it’s possible that in a year or two there will be $10 billion or more ready to be doled out.”

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