Enron and Economic Recovery

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

Enron and Economic Recovery
by Michael Perelman
04 February 2002 00:34 UTC

CB: Whatever happened to Dave our conservative bankruptcy attorney ? He could tell us a thing or two now.

^^^^^^^^

Humorous story from the Wall Street Journal

Chaker, Anne Marie et al. 2002. "Enron Debacle Means Extra Work for
Companies and Professionals." Wall Street Journal (31 January): p. B 1.
Estimated number of attorneys at Weil, Gotshal & Manges working on
behalf of Enron in its bankruptcy case: 50, each billing anywhere from
$200 to $700 an hour.
Estimated number of attorneys at Davis Polk & Wardwell representing
Arthur Andersen in Enron-related matters: more than 40.
Additional office space leased in Pennzoil Place, Andersen's Houston
headquarters, to accommodate Davis Polk lawyers: one entire floor.
Groups of ex-Enron employees leasing space from Front Office Business
Centers in Houston to start new companies: three.
Technicians working to recover deleted Enron computer files at
Electronic Evidence Discovery Inc. in Seattle: 40, at a cost of $150 an
hour each.