Las Vegas Sun

April 26, 2024

Firm to settle pension suits

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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