The lawsuit brought by former employees against Kenneth Lay, Enron Corp.s former chairman, and Northern Trust, the firms pension plan administrator, will be allowed to move ahead, a federal judge ruled on Wednesday, Reuters reports.
U.S. District Judge Melinda Harmon denied requests by the firms and Lay to be deleted from the suit. The lawsuit alleges that the company representatives shrugged their fiduciary responsibilities by requiring or encouraging employees to keep Enrons doomed stock in their pension accounts.
Defunct auditor of Enron, Arthur Andersen, was dismissed from the racketeering charge, but is still open to being sued, Harmon noted.
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