News Briefs; Ohio withdraws from federal class actions, files solo lawsuits against WorldCom, Enron.(Brief Article)(Statistical Data Included)

Pensions & Investments, September, 2002

COLUMBUS, Ohio - Ohio filed lawsuits in state court against WorldCom Inc. and Enron Corp., and will withdraw from federal class-action lawsuits against the companies, announced Betty Montgomery, Ohio attorney general. Ms. Montgomery said two lawsuits, one against WorldCom and one against Enron, were filed Sept.

4 in Franklin County Common Pleas Court in Columbus. State officials think filing in a state court will increase the likelihood of recovering ``real dollars'' and give the state greater control over the lawsuit. The $50 billion Ohio Public Employees' Retirement System, $50 billion Ohio State Teachers' Retirement System, $14.8 billion Ohio Bureau of Workers Compensation and $600 million Ohio State Highway Patrol Retirement System lost a combined $398.1...

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