|Front Page | In-depth | Business | The Enron affair|
| December 2001: Bankrupt|
Kenneth Lay's empire falls, leaving investors and employees stranded
3 - 4 December:
As the business world sat back stunned, 4,000 Enron employees out of the 20,000 strong workforce in the US immediately lost their jobs, on top of 1,100 who had already been made redundant in London.
Dynegy launched a counter-suit.
Major creditors began queuing up for what they were owed, while a small number put up the $1.5bn required to maintain a skeleton operation.
Everywhere writs began to fly.
One of the law suits against the directors, brought by New York-based Amalgamated Bank described Enron as "a grotesque fraud, a financial monstrosity of manipulation and falsification."
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