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This web site contains information for participants and beneficiaries of the Enron Corp. Savings Plan (the "Savings Plan") and the Enron Corp. Employee Stock Ownership Plan (the "ESOP") about the settlement in the Newby v. Enron Corp. securities litigation. Under an agreement between Enron and the U.S. Department of Labor, Fiduciary Counselors was appointed as the independent fiduciary to act for these Plans in connection with the Newby litigation and settlements. Effective in late December 2012, Fiduciary Counselors Inc. also was appointed Plan Administrator and named fiduciary for the Savings Plan, with responsibility for all aspects of plan administration, including those related to Newby and Enron Victim Trust claims. This appointment was made pursuant to an agreement among Enron Dissolution Corp., the U.S. Department of Labor, the previous plan administrator, and Fiduciary Counselors. This web site also contains information on the Plans' recovery on the claims Fiduciary Counselors filed with the Enron Victim Trust on behalf of participants and beneficiaries in the Plans, as well as Savings Plan distributions of the proceeds of the Plans' recoveries under both settlements to participants and beneficiaries.
 
  TAX QUALIFICATION
  Because the Enron Savings Plan is a tax-qualified plan, Newby distributions are eligible for rollover to IRAs and other qualified employer plans. The IRS Determination Letter stating that the Enron Savings Plan is a tax-qualified plan can be found here.
   
   
 

ENRON VICTIM TRUST AND THIRD NEWBY DISTRIBUTION FROM PLAN The Enron Corp. Savings Plan ("Savings Plan") has received $12,140,855.58 for the claims Fiduciary Counselors filed with the Enron Victim Trust on behalf of participants and beneficiaries. The Enron Victim Trust was established to handle the proceeds of actions brought by the U.S. Securities and Exchange Commission and the U.S. Department of Justice in connection with the fraud at Enron. It is separate from the settlement fund in Newby, which was private securities litigation.

On December 28, 2012 we sent participants and beneficiaries notices and election forms for a distribution of the Enron Victim Trust proceeds and a smaller amount of Newby proceeds. Completed election forms were due at the Newby/EVT mailing address at Gilardi & Co. by March 12, 2013. If you elected a rollover, Gilardi & Co. mailed your check on Friday, May 3, 2013. If you elected a cash distribution, your check will be mailed the week of May 6, 2013.

If you do not receive your check by mid-May, contact Gilardi’s Customer Service Center using the U.S. toll-free number, 1-877-234-4518, or by email at classact@gilardi.com. If you returned an election form but issues remain unresolved, your check will be mailed after the issues are resolved, along with checks to other participants whose election form issues also are resolved after the cut-off for this mailing.

Note that the Enron Victim Trust claims we filed were based on Enron shares acquired inside the Savings Plan and ESOP, and thus were paid to the Savings Plan. If you filed an Enron Victim Trust claim based on shares you acquired outside the Savings Plan and the ESOP, and if the claim was allowed, you will receive or have received payment directly from the Enron Victim Trust. If you filed a duplicative claim based on Enron shares acquired inside the Savings Plan or ESOP, the Enron Victim Trust claims administrator denied your duplicative claim.

We will update this page as new information is available. This page will be updated before any further information will be available from Fiduciary Counselors, Gilardi & Co. or the Enron Victim Trust claims administrator.
   
   
  CORRESPONDENCE WITH PARTICIPANTS REGARDING THE PLAN’S THIRD ROUND OF DISTRIBUTIONS
  December 28, 2012
Letter to plan participants.
   
   
  CORRESPONDENCE WITH PARTICIPANTS REGARDING THE PLAN’S SECOND ROUND OF DISTRIBUTIONS
  September 2, 2011
Letter to plan participants.
   
   
  CORRESPONDENCE WITH PARTICIPANTS REGARDING THE PLAN’S FIRST ROUND OF DISTRIBUTIONS
  February 12, 2010
Letter to plan participants who received a distribution in the Newby Settlement only.
     
  February 12, 2010
Letter to plan participants who received a first round distribution from other sources in addition to the distribution from the Newby Settlement or whose distribution was reduced by a Tittle overpayment.
     
  March 5, 2010
Letter to plan participants whose allocation from the Newby Settlement and other sources was less than their Tittle overpayment.
     
   
  CONTACT INFORMATION
  Gilardi & Co., LLC is assisting Fiduciary Counselors with administering the distribution process. Questions about your election form, the Newby settlement and this allocation or previous allocations can be directed to the Customer Service Center using the US toll-free number 1-877-234-4518 or you may email questions to classact@gilardi.com
   
   
  CHANGE OF ADDRESS NOTIFICATION
  Please keep your contact information up-to-date, by contacting Gilardi using the information listed above, to ensure you receive any future distributions to which you may be entitled.
 
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