Thursday, 26 June 2003

Enron Pension Plan Suit Filed

Although not a surprise, the Department of Labor's filing of suit against the company, its former CEO's Ken Lay and Jeffrey Skilling and former members of the Board of Directors and the administrative committee of the pension plan can't be good news. The U.S. Newswire has the report. The suit alleges that the defendants failed to protect the interests of workers in the administration of the pension plan. Of all the lawsuits that have and will arise out of the demise of Enron, this may well be the one that people can most identify with, and be most angry about.

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Nice comment !