Enron employee





   
The principal Enron defendant named in the Complaint is the Enron Corporation ("Enron"), an Oregon corporation which is based in Houston, Texas. Enron is named as a defendant notwithstanding the fact that it filed for protection under Chapter 11 of the bankruptcy code on December 2, 2001.

The Enron ERISA Defendants are: Enron Corp Savings Plan Administrative Committee ("Administrative Committee"), Enron Employee Stock Ownership Plan Administrative Committee ("ESOP Administrative Committee"), the Cash Balance Plan Administrative Committee ("Cash Balance Administrative Committee"), and the following individuals in their Plan-related roles:

  • Cindy K. Olson, fiduciary of the Savings Plan and ESOP
  • James S. Prentice, fiduciary of the Savings Plan
  • Mary K. Joyce, fiduciary of the Savings Plan
  • Sheila Knudsen, fiduciary of the Savings Plan
  • Rod Hayslett, fiduciary of the Savings Plan
  • Paula Rieker, fiduciary of the Savings Plan
  • Tod A. Lindholm, fiduciary of the Savings Plan
  • Philip J. Bazelides, fiduciary of the Savings Plan, ESOP and the Cash Balance Plan 
  • Keith Crane, fiduciary of the Savings Plan
  • William J. Gulyassy, fiduciary of the Savings Plan
  • David Shields, fiduciary of the Savings Plan
  • John Does 1-100, unknown members of the Administrative Committee of the Savings Plan, ESOP, and/or Cash Balance Plan

Northern Trust Company, a multi-bank holding company headquartered in Chicago, was a trustee and fiduciary of the Savings Plan and the ESOP.

The following former or current Enron officers or employees are defendants as Director Defendants for breaching their fiduciary and co-fiduciary duties, and knowingly participated in others’ fiduciary and co-fiduciary breaches. 

Kenneth Lay Ronnie C. Chan Charles A. LeMaistre
Jeffrey Skilling John H. Duncan Ken L. Harrison
Robert A Belfer Wendy L. Gramm Rebecca P. Mark-Jubasche
Norman P. Blake, Jr. Robert K. Jaedicke

Accountant Defendants include Andersen LLP, a limited liability partnership; and the following individuals in their accounting-related roles:

  • David B. Duncan, lead Andersen auditor on the Enron account.
  • Thomas H. Bauer, an auditor, accountant, and/or management consultant on the Enron account who focused on Enron's commodity trading business.
  • Debra A. Cash, an auditor, accountant, and/or management consultant.
  • Roger D. Willard, an auditor, accountant, and/or management consultant.
  • D. Stephen Goddard, Jr., managing partner of Andersen's Houston office.
  • Michael M. Lowther, an Andersen partner based in Andersen's Houston office.
  • Gary B. Goolsby, an Andersen partner based in Andersen's Houston office.
  • Michael Jones, an Andersen partner on the Enron account and who directed the destruction of documents in the London office. 
  • Michael C. Odom, an Andersen partner who directed the destruction of Enron related materials.
  • William Swanson, head of the Audit and Business Advisory practice in Andersen's Houston office.
  • John E. Stewart, a partner in Andersen's Chicago office who was consulted on the Enron account.
  • James A. Friedlieb, a partner in Andersen's Chicago office who was consulted on the Enron account.
  • Defendant Andersen Does 20 through 1800 who are past or present partners, principals, officers, managing agents, and/or other employees or agents of Andersen LLP.

The Complaint alleges that during the Class Period the defendants breached their fiduciary duties when Enron and executives officers were made aware of numerous practices that made Enron's stock an inappropriate Plan investment during the Class Period. The fiduciaries failed in their duty to disclose and inform the 401(k) participants regarding this information. Instead they encouraged participants and beneficiaries of the Plan to continue to make and maintain substantial investments in the Company Stock Funds in the Plan.

 
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