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On September 7, 2006, Enron sold Prisma Energy International Inc.S. It emerged from bankruptcy in November 2004 after one of the biggest and most complex bankruptcy cases in U. Before its bankruptcy in late 2001, Enron employed approximately 22,000 people (McLean & Elkind, 2003) and was one of the world's leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of $111 billion in 2000., its last remaining business, to Ashmore Energy International Ltd. Its current goal is to liquidate all remaining assets of the company. Following the scandal, lawsuits against Enron's directors were notable because the directors settled the suits by paying very significant sums of money personally.. At the end of 2001 it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, sometimes called the "Enron scandal". by filing a Doing Business As, or "dba" certificate in Harris County, Texas.Enron filed for bankruptcy protection in the Southern District of New York in late 2001 and selected Weil, Gotshal & Manges as their bankruptcy counsel. For most of 2007, Enron continued to operate under the name Enron Corp. to reflect its status as a (largely) asset-less shell corporation. Fortune named Enron "America's Most Innovative Company" for six consecutive
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