We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Enron Off Hook For $22M Settlement Shortfall

Law360 (April 24, 2009, 12:00 AM EDT) -- A federal judge has ruled that Enron Creditors Recovery Corp. is not liable for the misallocation of $22 million from an $89 million settlement fund for class action plaintiffs who lost money in failed Enron's employee benefit plans.

Judge Melinda Harmon of the U.S. District Court for the Southern District of Texas on Thursday dismissed human resources and consulting firm Hewitt Associates LLC's claims that it was entitled to indemnification by Enron for damages caused by Hewitt's miscalculations.

Hewitt, which was retained to dole out $89...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.