Enron Creditors May Get $5 Billion in Assets
Creditors of Enron Corp. stand to recover up to $5 billion in assets that may have been illegally moved off the books, a government-appointed examiner says.
Creditors would have more money to satisfy their $50 billion in claims should unidentified “individuals, institutions and professionals†be sued to recover assets that were transferred improperly to secret partnerships to hide the former energy trader’s debt from investors, said the report by R. Neal Batson, an Atlanta attorney hired by the Justice Department to investigate the company on behalf of the judge in charge of the bankruptcy filing.
The report is due to be made public this month after possible revisions.
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