States to sue Enron for pension losses.

• Position: News Briefs - Brief Article

Five states have filed lead plaintiff motions to spearhead a nationwide class-action lawsuit against bankrupt Enron Corp. in hopes of recovering an estimated $1 billion in pension fund losses. Officials say they owe it to public employees to try to recoup as much of the money as possible. Although much has been made in the media about pension fund losses resulting from Enron holdings, the losses represent less than 1 percent of the total investments of public retirement systems. Still, National Association...