The Secretary of Labor has filed a lawsuit in the federal district court of Houston, Texas against Enron, Kenneth Lay and Jeff Skilling, the Administrative Committee members of Enron’s ESOP and 401(k), and members of the Board of Directors for Enron. According to the press release issued by the DOL, the suit seeks to recover losses plan participants suffered “due to the mismanagement of two of Enron’s pension plans.” You can view the complaint filed here as well as a Fact Sheet and Chronology of Enron-related DOL Activity, both posted on the DOL’s website here.

The following remarks were made by Secretary of Labor Elaine Chao today in announcing the lawsuit:

We are sending a message to every pension plan officer, director and fiduciary: you have a solemn duty to safeguard your employees