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To: Smedley

I wonder if the employees and pension funds they fleeced have any chance of recovering any money.


8 posted on 05/25/2006 9:15:16 AM PDT by Right Cal Gal (Conservatives know the names of Tookie's VICTIMS!!)
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To: Right Cal Gal
I wonder if the employees and pension funds they fleeced have any chance of recovering any money.

I have two friends who worked for Enron and had their retirement savings wiped out. They got some recompensation in dribs and drabs, but just a small fraction of what they lost.

I hope Skilling's and Lay's assets can pay these people back substantially.

20 posted on 05/25/2006 9:24:41 AM PDT by Allegra (Finbar for Texas Governor!)
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To: Right Cal Gal

I would hope that any personal assets could be seized but who knows.


39 posted on 05/25/2006 9:52:33 AM PDT by Rockitz (This isn't rocket science- Follow the money and you'll find the truth.)
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To: Right Cal Gal
I wonder if the employees and pension funds they fleeced have any chance of recovering any money.

Most of them will not get a dime. Some vendors have sued the banks that were helping Enron shuffle the money and are getting something back, but the employees will not be able to recover their pensions. Word to the wise don't put all your money in your company's ESOP, no matter how solvent they appear to be.

56 posted on 05/25/2006 11:27:08 AM PDT by texgal (end no-fault divorce laws return DUE PROCESS & EQUAL PROTECTION to ALL citizens))
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