Enron employees whose retirement plans vanished when the company imploded may be getting some compensation after all, thanks to a settlement announced Monday by the government. The Labor Department, which sued Enron in 2003 on behalf of the company's employees, said about $356 million will be set aside out of proceeds from the sale of Enron's assets to cover some of the lost retirement and pension plan benefits.
July 13, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Enron employees whose retirement plans vanished when the company imploded may be getting some compensation after all, thanks to a settlement announced Monday by the government.
The Labor Department, which sued Enron in 2003 on behalf of the company’s employees, said about $356 million will be set aside out of proceeds from the sale of Enron’s assets to cover some of the lost retirement and pension plan benefits.
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