This Court ruling sounds reasonable:
HOUSTON (Reuters) – Thousands of former Enron Corp. employees will share $85 million in insurance proceeds to compensate for pensions lost when the energy giant collapsed into bankruptcy, a federal judge ruled this week.
So the incredibly arrogant part is:
U.S. District Court Judge Melinda Harmon formally approved the settlement between Enron’s insurers and about 20,000 former employees Tuesday despite opposition from former Enron Chairman Kenneth Lay and former Chief Executive Jeffrey Skilling. The two former executives, who will face criminal trial in January 2006 on charges including conspiracy and fraud at the company, had argued the funds came from Enron’s corporate insurance policies that were to be used to help pay for their legal defense.