November 16, 2004

Enron's Legal Tab

According to a feature article (free regist. req'd) in the Atlanta Journal-Constitution, the legal bills related to Enron's bankruptcy are close to $1 billion.

Quote of note: "When Enron Corp. emerges from bankruptcy by year's end, there won't be much wealth left for those who invested in the once high-flying company. By most estimates, Enron's creditors will likely receive 20 cents on the dollar, while shareholders probably won't get a cent. But don't worry about the lawyers, accountants and other advisers who've feasted on Enron's Chapter 11 case. Their court-approved fees are expected to reach $995 million."

Posted by Lyle Roberts at November 16, 2004 6:08 PM | TrackBack
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