The following articles report on the Chao v. Enron Corporation case filed today by the Department of Labor:
- Findlaw.com has this article by Leigh Strope for the Associated Press: “Labor Department Sues Enron Over Pensions.”
- Reuters has this article by Peter Szekely: “US Sues to Recoup Enron Workers’ Pension.”
- USAToday reports: “U.S. suing Enron, former execs over pension losses.”
- Bloomberg.com provides this account: “U.S. Sues Enron, Former Officers Over Pension Losses.”
In this article by the Houston Chronicle–“Enron facing pension lawsuit; Former executives called negligent”–Eric Berger reports that Rep. John Boehner, R-Ohio, chairman of the House Education and Workforce Committee, praised the lawsuit and stated:
“The Department’s action puts corporate executives and pension plan administrators on notice: Take your fiduciary duty to act in the best interests of your workers seriously or the Labor Department will hold you accountable.”