Enron says firm not correcting payments to ex-workers


HOUSTON (AP): Enron Corp. told a federal judge Friday it continues to be stonewalled in its attempts to fix a computer error that resulted in more than 20,000 former workers being overpaid or underpaid during the initial payment of a lawsuit settlement over retirement funds lost during the company's collapse. 

Last year, former Enron workers received about $89 million (euro65.2 million), the first payment that is part of a lawsuit settlement over money they lost through Enron's employee stock ownership and 401(k) retirement plans. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

ViTrox optimistic on semiconductor sector growth
Pavilion REIT’s 1Q net profit rises to RM83.2mil
Martijn Rene van Keulen to helm Heineken Malaysia from July 1
OCK proposed RM500mil ICP programme
Profit-taking in the market, KLCI down 0.14%
EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook

Others Also Read