Thursday, September 11, 2008

Enron Payout

As this article reports, the victims of the Enron Scandal will finally be getting their restitution. Enron shareholders, and investors alike, which totals approximately 1.5 million individuals, will be splitting the sum of $7.2 billion dollars. This amount is to be divided up and is not inclusive of the legal fees to be paid for the handling of this case. These monies have been sitting and accruing interest since 2002. It has finally been decided that the attorney’s fees to be paid out will come out to a final total of around $688 million. The total fees are said to be the largest payout for a securities fraud case.

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