This is the official site for information about the U.S. Securities & Exchange Commission program to distribute the monetary proceeds of various civil enforcement and administrative cease-and-desist proceedings relating to the fraud that occurred at Enron Corp.


Update September 11, 2013

On September 5, 2013, the U.S. District Court for the Southern District of Texas approved a Second Distribution from the Enron Victim Trust totaling approximately $47 million. The Second Distribution is comprised of forfeited assets recently obtained by the DOJ as a result of federal judicial forfeiture actions against former Enron executives or their estates, additional civil penalties paid to the SEC by former Enron executives, and residual funds currently held in the Enron Victim Trust. These additional recoveries are entirely due to the efforts of the SEC and DOJ on behalf of former Enron investors.

The Second Distribution will be made in accordance with the terms of the Distribution Plan governing the Enron Victim Trust. Checks will be issued to eligible victims in the coming weeks. After completion of the Second Distribution, a combined total of approximately $570 million will have been distributed to participants in the First and Second distributions from the Enron Victim Trust.

If you receive a Second Distribution check, please cash it immediately. Checks will expire 120 days from issuance and will not be reissued after the expiration date. If a check is reissued prior to the expiration date, the replacement check will expire 120 days from the date of the ORIGINAL check.

Please contact us if you have any questions.

Background

As a result of the investigation of the Enron securities fraud, the SEC commenced several civil enforcement and administrative cease-and-desist proceedings seeking recovery for damages caused by parties that allegedly were involved in the fraud. Numerous parties, including corporate and individual defendants, collectively paid approximately $450 million as part of their settlements of the SEC actions. The proceeds of these settlements were contributed to a fund, the Enron Fair Fund, to be distributed to investor victims of the fraud in accordance with the Fair Funds for Investors provision of the Sarbanes-Oxley Act of 2002, 15 U.S.C. § 7246(a). The Department of Justice (“DOJ”) contributed an additional $65 million to the Fair Fund which were proceeds recovered by the DOJ through numerous federal judicial forfeiture actions. The Enron Victim Trust is responsible for processing Fair Fund claims and making payments to eligible claimants.

On October 8, 2008, Judge Melinda Harmon of the U.S. District Court for the Southern District of Texas approved a Distribution Plan that sets forth eligibility criteria and other rules governing the distribution of the Enron Fair Fund. The deadline for filing a Proof of Claim was February 15, 2010.

Other Settlements

There is a separate Enron class action settlement being administered by Gilardi & Co., LLC, but the claims bar date was April 30, 2008. Please contact them at (800) 961-2086 with questions regarding that settlement.

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