Office of the Attorney General News Release ArchiveThursday, January 3, 2002
TEXAS ATTORNEY GENERAL'S OFFICE TO APPEAR IN NEW YORK COURT ARGUING TO BRING ENRON BANKRUPTCY CASE TO TEXAS
AUSTIN - On behalf of Texas Attorney General John Cornyn, Deputy Attorney General Jeff Boyd, who supervises the agency's Enron Task Force, will argue the State's motion to transfer the energy corporation's pending bankruptcy case from Manhattan to Houston, where Enron is headquartered. The Texas Attorney General's Office is among several entities nationally seeking to transfer the case's venue.
"The interests of . . . Texas taxpayers are best served by having these cases based in the Debtors' home state of Texas," Attorney General John Cornyn said in the response supporting legal arguments to move the hearings. "Multiple Texas state government agencies have claims or interests in the Enron bankruptcy cases."
Several Texas government agencies have claims or interests in the Enron bankruptcy case, including the State Comptroller's Office, the General Land Office, the Texas Workforce Commission, and the Texas Natural Resource Conservation Commission. Other state entities, such as the Employees Retirement System and the Teachers Retirement System, have claims that will fall under separate shareholder lawsuits.
In December 2001, Attorney General John Cornyn formed an Enron Task Force to identify legal actions that are necessary to protect the State's interests as a result of the financial collapse of Houston-based Enron.
"Texans have a lot of unanswered questions about how this corporate collapse will affect the State of Texas. I intend to do everything within the power of this office to make sure that the State's legal options are properly identified and protected," Attorney General Cornyn said.
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