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TOP
STORY |
Tuesday, December 04, 2001
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Enron
files for bankruptcy |
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Shattered energy trader Enron Corp has filed for chapter
11 bankruptcy and hit the rival and one-time suitor Dynegy Inc
with a $10-billion breach of contract lawsuit for pulling out
of a last-ditch rescue merger. The filing in the Federal bankruptcy
court in the southern district of New York on Monday seeks protection
from creditors while Enron, burdened with at least $16.8 billion
in debt and obligations, tries to reorganise its ruined finances. |
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