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To: Jim Willie CB who wrote (46880)	1/23/2002 1:31:57 PM
From: stockman_scott	Respond to of 65232

60 Minutes is digging into the Enron Story... This is from an Enron website: <<CBS News' "60 Minutes" is looking for any current or former Enron employees to talk to about their experiences and knowledge of the problems that led to the company's collapse. My name is David Lewis, and i'm an associate producer for Ed Bradley. You can reach me in New York at (212) 975-6818. All calls confidential. Thank you and good luck David Lewis 60 Minutes>>

To: Jim Willie CB who wrote (46880)	1/23/2002 10:07:04 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Check out this update on Enron's legal situation... (it was borrowed from another thread) <<..January 23, 2002 -- Executives at Arthur Anderson may have to pay hundreds of millions of dollars to settle litigation over the steadily multiplying number of lawsuits against Enron. Anderson's 4,700 top managers, known as partners, may lose some or all of their personal investments in the firm which range from $100,000 to more than $5 million. Total claims are likely to be in excess of $10 to $30 billion. And Anderson's insurance coverage isn't even remotely close to those figures. Anderson's total insurance coverage is estimated to be less than $300 million. Partners at Anderson, most of whom had nothing to do with the Enron situation, must be beside themselves. Anderson employs 84,000 worldwide. Probable result of the mess -- Anderson will be taken over by another outfit. As far as the legal aspects of the Enron situation, it is said that "even the lawyers are hiring lawyers." Everyone, it seems, is headed for court -- the shareholders, the employees, the creditors. Said Richard Zook, who was the first to file a class-action lawsuit against Enron, "This case is the full-employment act for Texas lawyers. There will be civil lawyers, criminal lawyers, regulatory lawyers, bankruptcy lawyers, employment benefit lawyers and trial lawyers. Billions and billions have been lost. It's going to be a long detailed and exhaustive search for the guilty parties." So far 51 lawsuits have been filed in US District Court in Texas naming former Enron Chief Financial Officer Andrew Fastow as a defendant. Fifty-six go after former Chief Executive Jeff Skilling. Fifty-three seek damages from CEO Ken Lay. Dozens more go after the company itself. And lawyers for Enron's 20,000 creditors are seeking restitution. The list of lawsuits is endless. It is estimated that at least 40 Houston firm are involved in the case. As for the politicians, we'll have to wait to see what happens out of Washington, but the denials have already started...>> ___________________ *There are SO MANY lawsuits against Lay, Skilling and Fastow that they might not be able to afford all the legal bills <G>. I wonder if Enron's former Directors and Officers are covered by insurance that they would NORMALLY have if they were sued while working under 'normal conditions.'