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Enron (Wikipedia.org)

Enron Creditors Recovery Corporation (formerly Enron Corporation) (former NYSE ticker symbol: ENE) was an American energy company based in Houston, Texas. Before its bankruptcy in late 2001, Enron employed around 22,000 people (McLean & Elkind, 2003) and was one of the world's leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of $111 billion in 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001 it was revealed that its reported financial condition was sustained mostly by institutionalized, systematic, and creatively planned accounting fraud (see: Enron scandal). Enron has since become a popular symbol of willful corporate fraud and corruption.

Enron filed for bankruptcy protection in the Southern District of New York in late 2001 and selected Weil, Gotshal & Manges as their bankruptcy counsel. Enron still exists as an asset-less shell corporation, emerging from bankruptcy in November of 2004 after one of the biggest and most complex bankruptcy cases in U.S. history. On September 7 2006, Enron sold Prisma Energy International Inc., its last remaining business, to Ashmore Energy International Ltd. Following the scandal, lawsuits against Enron's directors were notable because the directors settled the suits by paying very significant sums of money personally. The scandal also caused the dissolution of the Arthur Andersen accounting firm, affecting the wider business world.

Enron Creditors Recovery Corp. will continue to operate under the name Enron Corp. by filing a Doing Business As, or "dba" certificate in Harris County, Texas.

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The U.S. Supreme Court will consider the case of former Enron CEO Jeffrey Skilling, Cisco Systems... 10/2009 AP
a month ago
The Ranger Online
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Neil Cavuto delivers a wrap-up of Tuesday's business headlines
1m 10s |
a month ago
FOX News
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The U.S. Supreme Court will consider the case of former Enron CEO Jeffrey Skilling, Cisco Systems bets on the future of wireless phones and Ford is one step closer to winning contract concessions. ...
1m 7s |
a month ago
North County Times
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Utility Forecaster editor Roger Conrad looks at what's happened to utilities since Enron, and tells why they should be part of your portfolio. (May 14)
4 months ago
MSN Video
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30 Jun 09: People who lost their life savings in Bernard Madoff's swindle demand more people are brought to justice and regulations are tightenend.
4 months ago
Telegraph newspaper online
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What is the bankruptcy process for Chrysler?. Former bankruptcy Judge Francis Conrad and former Enron bankruptcy lead attorney Martin Bienenstock breakdown the bankruptcy process and outline how long ...
7m 15s |
6 months ago
FOX Business
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British pension funds sue RBS.. Patrick Daniels, founding partner of CSGRR, discusses why British pension funds are suing the Royal Bank of Scotland.
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8 months ago
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Former Enron CEO Jeff Skilling fights back as Federal Appeals court upholds his conviction. Insight with Daniel Petrocelli, Skilling's attorney and CNBC's Scott Cohn
10 months ago
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