Judge OKs First Enron - Related Settlement

HOUSTON (AP) -- A federal judge has approved the first settlement to emerge from federal shareholder and employee lawsuits stemming from Enron Corp.'s 2001 collapse.

More than a year ago, Andersen Worldwide SC -- now AWSC Societe Cooperative, the international umbrella organization that used to include Chicago-based Arthur Andersen LLP -- agreed to pay $40 million to settle claims of at least $25 billion filed on behalf of Enron investors and former employees.

Late Thursday, U.S. District Judge Melinda Harmon gave final approval to the deal. As attorneys proposed, the money will be split, with $25 million going to plaintiffs and $15 million set aside to pay for costs associated with the litigation. Those costs don't include attorney fees, which will be requested in the future.

more..........

http://www.nytimes.com/aponline/business/AP-Andersen-Settlement.html

pretty much nothing.

that I'll pay them 16 cents for every dollar they claim I owe.

penny per dollar. that would be 16 cents payed per HUNDRED dollars owed.

okay... if in the end we are fined less than 1 cent per each $100 dollars earned per scheme... let's just factor in getting caught as a business expense... absolutely shameful.

is extremely stiff prison penalties. hard time. and the laws should be changed to make it illegal to shred anything relating to accounting once any news has been published about pending investigations or once any kind of investigations have been opened into any client's business (in the case of an accountant.)

Arthur Andersen by any other name - and, still headquartered in Bermuda ...

it must be the Philip Morris trick ... change the name to Altria ... nobody will ever know

the system applies a almost similar mindset to disability benefits ... you pay into Social Security ... you pay into Long Term Disability ... should you qualify for both ... the employer will deduct the Social Security benefit amount from any LTD benefit as an "offset" ... can't having any disabled out there with money to live off of ...