Welcome to the Enron Victim Trust Website
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.
Please Note: The Distribution Agent has begun distributing Determination Notices to claimants who submitted Proof of Claim Forms. These Claim Determination Notices will provide the current status of your claim and the amount of your Eligible Loss Amount, if any.
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 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. If you purchased shares of Enron common and/or preferred stock during the period beginning January 20, 1998 and continuing through the close of markets on November 7, 2001, you may be eligible to participate in the distribution of the Enron Fair Fund. The Fair Fund will be distributed to eligible Enron investors who submit valid Proof of Claim Forms to the Enron Victim Trust.
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 note that even if you have already submitted a claim in the class action, you may still be eligible to recover from the Enron Victim Trust. You must submit a separate Proof of Claim Form including documentation to the Enron Victim Trust in order to be eligible to participate in the distribution of the Enron Fair Fund.
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