The Pamela M. Tittle, et al. v. Enron Corp., et al. class action lawsuit (the “Tittle Action”), brought on behalf of former and current Enron Corp. (the “Company”) employees (“Claimants”) in 2001, asserted claims for alleged breach of fiduciary duty with respect to the Enron Corp. Savings Plan (“Savings Plan”), the Enron Corp. Employee Stock Ownership Plan (“ESOP”) and the Enron Corp. Cash Balance Plan (“Cash Balance Plan”). 

The allocation under the Enron Corp. Cash Balance Plan Settlement Fund (“Cash Balance Plan Settlement Fund”) has now been calculated and was communicated to eligible claimants on August 13, 2008.

Certain Claimants, alternate payees and beneficiaries of deceased Claimants are eligible for an allocation from the Cash Balance Plan Settlement Fund if they meet either of the following eligibility requirements:

• The Claimant was employed by the Company on January 1, 2001, was an active Cash Balance Plan participant during some (or all) of the time between January 1, 1987 and December 31, 1994 and did not receive full distribution of his or her ESOP retirement sub-account prior to January 1, 2001.

OR

• The Claimant separated from service with the Company prior to January 1, 2001 and:
• Was an active participant in the Cash Balance Plan during some (or all) of the time between January 1, 1987 and December 31, 1994 and earned a vested benefit from the Cash Balance Plan during that period, and
• Did not receive full distribution of his or her ESOP retirement sub-account prior to January 1, 2001.

If a participant died prior to January 1, 2001 and there is no continuing benefit to a beneficiary, eligibility for an allocation from the Cash Balance Plan Settlement Fund does not apply. 

If you do not meet the eligibility requirements stated above, you are not eligible for an allocation from the Cash Balance Plan Settlement Fund.