Enron Gets Settlement Shortfall Case Sent To Texas

Law360, New York (August 21, 2008, 12:00 AM EDT) -- A federal judge in Chicago has dealt Enron Creditors Recovery Corp. a win in a dispute over the misallocation of $22 million from an $89 million settlement fund for class action plaintiffs who lost money in Enron's employee benefit plans.

On Wednesday, U.S. District Judge Samuel Der-Yeghiayan signed off on a 15-page opinion granting Enron's motion to transfer a declaratory judgment suit filed by human resources and consulting firm Hewitt Associates LLC from federal court in Illinois to the U.S. District Court for the Southern District...
To view the full article, register now.