If You Invested in Enron, Read This Now

I always recall my DVDs arriving two days after I mailed in the ones I viewed. My award? It was a free one-month upgrade to the next level of service -- a rental plan for four DVDs instead of three.

Something tells me the lawyers didn't get paid in flicks.

But Enron is far different from these types of claims, which are seemingly devised by plaintiffs' attorneys for their own benefit. The chain of fraud that soaked investors and had a catastrophic impact on thousands of jobs and employee retirement plans permeated the company's C-level, including the office of Kenneth Lay, Enron's now deceased former CEO.

As Donnelly, the financial adviser says, "Each and every shareholder must participate, and complete the paperwork in order to try to recapture a small piece of what so-called 'trusted business executives' and Wall Street banks bilked them out of."

He's right.

At worst, my family can fund about one-and-half weeks of groceries with my $350 distribution from the $7.2 billion Enron settlement fund. At best, we can buy groceries and have a small voice in the aftermath of an historical event that continues to transform corporate governance standards in America.

The average distribution per share of common stock is likely to increase from $6.79, based on the percentage of shareholders that don't file, according to Patrick Coughlin, the San Diego-based lawyer who represents the Regents of the University of California, lead plaintiff and an institutional investor who claims to have lost $145 million in the Enron disaster.

Lawyers stand to walk away with the most cash in the Enron aftermath -- and just about every other class action suit. Coughlin's firm has requested just less than 10% of the $7.2 billion settlement fund (which has been accruing additional interest for several years). That would be more than $700 million dollars, off the top of the fund, if the court approves.

Our approximate $350 check may pale in comparison.

But it's still our cash and we want it back.

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