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twitterFirm to settle pension suits
Thursday, March 3, 2005 | 9:31 a.m.
Enron Corp. has tentatively agreed to settle lawsuits over employee pension fund claims, lawyers for the company and workers said.
Under the proposed agreement, Enron would allow a $356.2 million claim to be made against it in U.S. bankruptcy court to resolve employee lawsuits over pension fund stock losses, Lynn Sarko, a lawyer for Enron workers, told a judge Wednesday. A claim of that size could result in a $64 million recovery for Enron workers.
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