Oklahoma joins class action lawsuit against Enron - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Oklahoma joins class action lawsuit against Enron

Failed energy giant Enron faces a class action lawsuit, and Oklahoma is part of it.

State officials say Enron's bankruptcy cost the state nearly $7-million. Pensions for state teachers were hardest hit. The Teachers Retirement System already knows it lost more than $1.5-million on its Enron investment.

But Oklahoma's losses are small compared to other states. That's because state law forbids the investment of more than five percent of a pension fund in any one stock.
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