Enron files for Chapter 11; lawsuits loom

from CBC.ca archives | Sun, 2 Dec 2001

NEW YORK - Beleaguered U.S. energy trading giant Enron filed for Chapter 11 bankruptcy protection Sunday � and also served notice that it won't be fading away quietly into U.S. corporate history.

Enron said it would be suing its former merger partner, Dynegy Inc., for at least $10 billion US.

On Monday, Dynegy said it would countersue Enron, demanding that Enron turn over its prized Northern Natural Gas pipeline.

Read the full article »