The complaint charges Arthur Anderson, LLP, Enron's auditor, and twenty-nine (29) officers and directors of Enron with violations of Sections 11,12(a)(2) and 15 of the Securities Exchange Act of 1933. Insiders are alleged to have reaped over 1 billion dollars in inside trading. As readily reported, Enron has announced that it will restate its earnings for 1997, 1998, 1999 and 2000, and the first two quarters of 2001. Enron is engaged in the businesses of natural gas, electricity and communications to wholesale and retail customers. Enron is not named as defendant in this action, which is filed solely on behalf of debt holders, as it has filed for protection pursuant to Chapter 11 of the U.S. Bankruptcy Code."