ABSTRACT

Enron: Selected Securities, Accounting, and Pension Laws Possibly Implicated in its Collapse [January 16, 2002]   [open pdf - 65KB]

"On December 2, 2001, Enron Corporation filed the largest corporate bankruptcy in United States history. Both the Congress and the Executive branch have begun investigations into whether Enron may have defrauded investors by deliberately concealing important information about its finances and whether it may have violated federal pension laws. Several congressional committees, the Department of Justice, the Securities and Exchange Commission, the Department of Labor, and the Internal Revenue Service have begun separate investigations. In addition, a number of civil suits have been filed against current and former Enron executives and directors and against its accounting firm, Arthur Andersen LLP, by attorneys for Enron employees, investors, and retirees who lost billions of dollars in the Enron collapse. This report takes a brief look at some of the federal statutes concerning finance that the Congress and the Executive branch may focus on in their investigations. The report considers three major areas: the federal securities laws, the federal pension laws, and accounting standards."

Report Number:
CRS Report for Congress, RL31248
Author:
Publisher:
Date:
2002-01-16
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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