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Former Enron employees who lost millions of dollars in retirement money in the company's collapse would get at least $66.5 million from two newly reached settlements of lawsuits, Labor Secretary Elaine Chao said. The employees had alleged in a class action suit that they lost more than $1 billion because the now-bankrupt energy company and its officers failed to execute their duties in administering Enron's pension plan.
May 14, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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