Ex-workers sue Enron over losses
In a class action lawsuit filed yesterday, over 400 former Enron workers are calling for company officers, the Andersen accounting firm, and the company that administered their retirement plan be held financially responsible for the loss of their retirement savings. The suit, which alleges in part that the retirement plan's administrators are guilty of a breach of fiduciary duty, is the first class action filed by Enron employees. The Severed Enron Employees Coalition---which filed the suit on behalf of the 400 workers and claims to represent over 4,000 others---is seeking to represent all former employees in the federal bankruptcy proceedings in New York.
See ROSANNA RUIZhttp://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/01/29/BU204794.DTL&type=business, San Francisco Chronicle, January 28, 2002