The Houston Chronicle has this article by Eric Berger: “Former Enron employees welcome Labor suit.” The article discusses the separate class action lawsuit filed some time ago by former Enron employees which you can read about here. The article reports that lawyers for the former employees in the class action suit said “having a government agency endorse many of the same legal theories will only bolster their case.” The article also reports that “[t}he biggest pot of money available is probably $85 million in liability insurance Enron had purchased for those responsible for Enron’s retirement plans.”
More on Enron ERISA litigation here . . .