Oklahoma joins class action lawsuit against Enron

Failed energy giant Enron faces a class action lawsuit, and Oklahoma is part of it. <br><br>State officials say Enron&#39;s bankruptcy cost the state nearly $7-million. Pensions for state teachers were

Tuesday, January 22nd 2002, 12:00 am

By: News On 6


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.
logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!

More Like This

January 22nd, 2002

September 29th, 2024

September 17th, 2024

July 4th, 2024

Top Headlines

November 2nd, 2024

November 2nd, 2024

November 2nd, 2024

November 2nd, 2024