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Richard Rathvon

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This is still a victory. This settlement gives employees at least this amount with certainty and without the hassles of litigation.

A committee would give us a single voice and it would give us access to real-time accurate and timely information, and that's just absolutely critical in our ability to protect our claims.

The severance agreement announced today offers former Enron employees a real and immediate option to receive an additional cash payment from Enron. The agreement eliminates the risk that former employees would receive little or no severance as a result of a lengthy and costly court battle that most could ill afford.

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