Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Enron, Enron, Enron Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, November 27, 2001

Enron, Enron, Enron

Reported by InvestmentWires Staff, 

The Enron case seems to have brought issues concerning company stock in 401(k) plans to national mainstream attention. Ellen Schultz and Theo Francis writing for The Wall Street Journal explore the philosophy behind company stock and how it will fare in a market downturn. To view the article, "Corporate Stock-Based Pay, 401(k) Plans", just follow this link, but you will need to be a member of The Wall Street Journal to gain access.

* * *


Also, according to The Wall Street Journal, Enron was working hard to save its deal with Dynegy by slashing the price of the all-stock transaction by over 40%. The paper notes that this move is unheard of in such transactions.

* * *


Speaking of Enron, two new law firms are getting on on the act of suing the sponsor for breach of fiduciary duties. The 401kWire.com has already reported on suits brought by Hagens Berman (Enron is Now a Class Action), a Seattle law firm, and The Gottesdiener Law Firm (Enron Redux) of Washington DC. Now Keller, Rohback -- which is also one of the firms involved in the Lucent case -- and Dalton Gotto Samson & Kilgard, both of Seattle, have filed class action suits of their own on behalf of participants and allege a breach in fiduciary duties.

* * *


And in some non-Enron news, the board of directors at Principal Financialhas authorized the repurchase of 15.3 million shares (or 4%) of the firm's outstanding common stock. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use