ACHRNEWS

Senate Hearings Will Investigate Enron’s Failure

January 4, 2002
WASHINGTON, DC — Senator Joseph Lieberman (D-CT), chairman of the Governmental Affairs Committee, together with Senator Carl Levin (D-MI), chairman of the Subcommittee on Investigations, announced an investigation into the failure of energy trading company Enron.

“The suddenness with which this company fell is shocking,” stated Lieberman. “When a $77 billion company loses nearly all of its market value and plunges into bankruptcy in a matter of weeks to the surprise apparently of everyone, including those whose business it is to know better, the public’s confidence in the stock market is shaken.”

The Senate hearings are scheduled to start on Jan. 24.

Publication date: 01/01/2002