http://www.EmploymentCrossing.com Shareholders and investors in former energy company Enron Corporation will split more than $7.2 billion dollars from financial institutions accused of playing a role in the firm’s spectacular 2001 demise.
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http://www.EmploymentCrossing.com Shareholders and investors in former energy company Enron Corporation will split more than $7.2 billion dollars from financial institutions accused of playing a role in the firm’s spectacular 2001 demise.
http://www.EmploymentCrossing.com Shareholders and investors in former energy company Enron Corporation will split more than $7.2 billion dollars from financial institutions accused of playing a role in the firm’s spectacular 2001 demise. Around 1.5 million people and entities will get an average of $6.79 per share of common stock, and an average of $168.50 per share of preferred stock. To be eligible for the settlement, investors and shareholders need to have purchased Enron or Enron-related securities between September 9, 1997, and December 2, 2001. U.S. District Judge Melinda Harmon approved the plan this week, and payments should be made by the end of the year. Harmon also granted attorneys' fees in the amount of $688 million. Houston, Texas-based Enron collapsed in 2001 after revelations of fraudulent accounting practices. Former CEO Kenneth Lay was convicted of ten counts of securities fraud, but deftly avoided prison time by dropping dead in 2006. The bankruptcy of the company cost 4,000 employees t
UnCut Video | September 10, 2008
