| -Caveat Lector-
ENRON BILL $500M SO FAR
June 29, 2003 -- Lawyers,
accountants and advisers sorting through the Enron bankruptcy case
have racked up half a billion dollars in fees - and the tab keeps
growing.
Bills pour in at the rate of $25 million a month, depleting
whatever assets the bankrupt energy giant can use to pay off
creditors and lawsuits, according to a report in yesterday's
Washington Post.
"There is a lot of money sloshing around, and the participants
are taking it away from the people who really deserve it," Texas
Attorney General Greg Abbott told the paper.
More than 20,000 claims have been made and 11,000 legal filings
generated since the Houston leviathan went belly-up in December
2001.
Through May, claims from lawyers, accountants and advisers
totaled $496 million.
Stephen Cooper, the bankruptcy lawyer now running Enron, makes
$1.3 million - but he is also allowed to hire on Enron's dime up to
30 cronies from his law firm, each at an annual salary of $864,000.
William J. Gorta
NEW YORK POST is a registered trademark of NYP
Holdings, Inc. NYPOST.COM, NYPOSTONLINE.COM, and
NEWYORKPOST.COM are trademarks of NYP Holdings, Inc.
Copyright 2003 NYP Holdings, Inc. All rights reserved.
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