Enron Hewitt Settlement Error
Intellectual Property Product Liability Securities Rankings Law360's MVPs Glass Ceiling Report Global 20 Law360 400 Diversity Snapshot Practice Group Partner Rankings Practice Groups of the Year Pro Bono Firms of the Year Rising Stars Trial Aces Site Menu Join the Law360 team Search legal jobs Learn more about Law360 Read testimonials Contact Law360 Sign up for our newsletters Site Map Help Make sure you don't miss any Law360 breaking news. Download our plug-in for Chrome to get customizable, real-time news alerts Enron Remnants, Hewitt End $9M Settlement Battle By Evan Weinberger Law360, New York (May 12, 2011, 1:03 PM EDT) -- A Texas federal judge on Wednesday signed off on a resolution between the remnants of Enron Corp. and human resources firm Hewitt Associates over a $9.15 million shortfall in a settlement fund for former employees caused by a mistake in calculation by the settlement administrator.The settlement fund was set up to compensate former Enron employees who lost their retirement funds when Enron went bust in 2001.Details of Hewitt's deal with Enron Creditors Recovery Corp., the Enron Savings Plan and its administrative committee, approved by... To view the full article, register now. Try Law360 FREE for seven days Already a subscriber? Click here to login Add to Briefcase Printable Version Rights/Reprints Editorial Contacts Documents Order Related Sections Bankruptcy Employment Energy Securities Texas Case Information Case Title Tittle, et al v. Enron Corp, et al Case Number 4:01-cv-03913 Court Texas Southern Nature of Suit 791(Labor: E.R.I.S.A.) Judge Judge Melinda Harmon Date Filed November 13, 2001 Law Firms Baker Botts Greenberg Traurig K&L Gates Weil Gotshal Companies Aon Corporation Most Popular 1 In Case You Missed It: Hottest Firms And Stories On Law360 2 Full Fed. Circ. R
Magazine Search for: Ex-CFO Tells the Fascinating Story of Pixar In his new book, Lawrence Levy details his wild… The M&A Playbook Guiding Growth Strategy in Changing Markets Metric of the Month: Number of General Accounting Employees The best performers need just 4.8 full-time… Accounting & Tax Banking & Capital Markets Risk & Compliance Human Capital & Careers Growth Companies Strategy Technology Human Capital & Careers Can't Get It Right: Ex-Enron Workers Still $9M Short The Department of Labor wants a settlement fund administrator held in contempt for not doling out proper payments to former Enron staffers. http://www.law360.com/articles/244659/enron-remnants-hewitt-end-9m-settlement-battle Stephen Taub February 7, 2008 | CFO.com | US share Tweet Email Print - Print + Email this article To* Please enter your email address* Subject* Comments* The Department of Labor is seeking a civil contempt order against Hewitt Associates LLC for failing to properly distribute more than $9 million in court-supervised settlement funds to Enron employees at the end of 2006. DoL is claiming http://ww2.cfo.com/human-capital-careers/2008/02/cant-get-it-right-ex-enron-workers-still-9m-short/ that Hewitt, which served as the administrator for the settlement fund, is responsible for not having enough money in the cash pool to pay Enron workers, retirees and beneficiaries all amounts due them. The settlement fund holds money recovered by the department and class-action plaintiffs in related lawsuits regarding Enron’s pension plans. Even with other corrective action being undertaken, there will be a $9.15 million shortfall in the settlement fund as a result of Hewitt’s noncompliance with the court-approved allocation formula, the DOL asserts. Recommended Stories: Never-ending Story: Enron Botches Payout Supremes Rebuff Enron Investors Judge Keeps Enron Barge Retrial in Port “This department has been relentless in seeking to protect the retirement security of America’s workers and their families, said U.S. Secretary of Labor Elaine L. Chao. “With this legal action we are seeking to ensure that the pension plan participants receive all the funds they are entitled to.” The DoL explained that because of Hewitt’s mistakes, some participants received too much in settlement proceeds at the expense of the remaining participants. Altogether, $22 million was overpaid. The payment pool was set up after the company collapsed in 2001 to rem
Calendars Place a Classified Browse Classifieds Browse Law Jobs Place a Public Notice Browse Public Notices Notice Types and Rates Consumer Alerts Foreclosure Publication and Deadline Dates Events Recognition http://www.dailyreportonline.com/id=1202552282595/Enron-wants-company-to-cover-9-million-settlement-fund-shortfall-caused-by-computer-error Awards Book Center Verdict Search Smart Litigator CLE ALM Legal Intelligence Georgia Expert Witnesses Elite Trial Lawyers Enron wants company to cover $9 million settlement fund shortfall caused by computer http://www.chron.com/business/enron/article/Data-error-stalls-Enron-payouts-to-employees-1839108.php error JUAN A. LOZANO, The Associated Press January 25, 2008 share share on linkedin Facebook share on twitter share on google+ Share With Email Send Thank you for sharing! Your enron hewitt article was successfully shared with the contacts you provided. reprints HOUSTON AP - A fund set up to pay a lawsuit settlement over retirement funds lost when Enron Corp. collapsed is $9.15 million short because of a computer error, according to attorneys for the once mighty energy company. ADD COMMENT More From Daily Report Online Fisher & Phillips Partner Accidentally Shot enron hewitt settlement Wife After Carjacking Fears, Spokesman Says Wife of Prominent Fisher & Phillips Partner Dies From Gunshot Wound Nine Disciplined by Georgia Supreme Court Shortlist Sent to Deal for Seats on High Court More from the ALM Network Previous Next FDA's Expanded Zika-Testing Guidance Will Test Blood Centers The National Law Journal How to Negotiate Technology Contracts Corporate Counsel Dallas Attorney-Brewer Overturns Texas Beer Law Texas Lawyer Behind Apple Suit, a Curious Appearance by Jane Doe The Recorder Publicly Traded British Law Firm Sees Gross Revenue Growth Legal Week Justice Ginsburg Stays Out of Trouble in Talk With Students The National Law Journal Media GCs Aren't Afraid of Trump Corporate Counsel Ex-Berkeley Law Dean's Letter Says Sex Harassment Inquiry Improper The Recorder Wal-Mart Manager Sues Employer Alleging Religious Bias The Legal Intelligencer Diversity and Discrimination Issues Top the Agenda for ABA Leadership Kim Kardashian vs. Taylor Swift: The Legal Implications of the Snapchat Recording Williams & Connolly Argues to Block Clinton from Questioning The National Law Journal Georgia's Same-Sex Adoption Is Valid in Alabama, US Supreme Court Says Daily Repo
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