Enron case

Enron shareholders filed a $40 billion lawsuit after the company's stock price, which achieved a high

of US$90.75 per share in mid-2000, plummeted to less than $1 by the end of November

2001.[2] The U.S. Securities and Exchange Commission (SEC) began an investigation, and rival

Houston competitor Dynegy offered to purchase the company at a very low price. The deal failed,

and on December 2, 2001, Enron filed for bankruptcy under Chapter 11 of the United States

Bankruptcy Code. Enron's $63.4 billion in assets made it the largest corporate bankruptcy in U.S.

history until WorldCom's bankruptcy the next year.[3]