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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Bryan Steffen who started this subject12/6/2001 8:50:54 PM
From: Jaknik2  Read Replies (2) of 1433
 
Tonight's Subject: Lawsuits

I am curious as to what all these lawsuits being filed against a Chapter 11 filing company will result in? The pecking order as i see it is creditors first and, oops, we are out of money.

The only benefactors would be the ambulance chasing law firms collecting fees from the plaintiffs. Seems to me , if I was an ENE 401K holder, I would be rooting for continuance as a going concern rather than trying to bury it.

It just seems to me that suing ENE right now is basically fruitless.

Jak
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