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Enron files for Chapter 11 bankruptcy in the Southern District of New York

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years.

At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal.

Historical Significance

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.

Events Before

  1. Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Mill

    Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Millennium

  2. Microsoft chairman Bill Gates steps aside as chief executive and appoints company president Steve Ballmer as his success

    Microsoft chairman Bill Gates steps aside as chief executive and appoints company president Steve Ballmer as his successor

  3. NASDAQ Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom

    NASDAQ Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom

  4. South African cricket captain Hansie Cronje is charged by Delhi police with fixing One Day International matches against

    South African cricket captain Hansie Cronje is charged by Delhi police with fixing One Day International matches against India

  5. Metallica files a lawsuit against the peer-to-peer sharing platform Napster, accelerating a movement against file-sharin

    Metallica files a lawsuit against the peer-to-peer sharing platform Napster, accelerating a movement against file-sharing programs

Events After

  1. Euro banknotes and coins become legal tender in twelve of the European Union's member states

    There are eight denominations of euro coins, ranging from one cent to two euro (the euro is divided into a hundred cents). The coins first came into use in 2002.

  2. 29th American Music Awards: Janet Jackson and Lenny Kravitz win. Michael Jackson receives Artist of the Century award.

    29th American Music Awards: Janet Jackson and Lenny Kravitz win. Michael Jackson receives Artist of the Century award.

  3. US President George W. Bush in his State of the Union address describes "regimes that sponsor terror" as an "Axis of Evi

    US President George W. Bush in his State of the Union address describes "regimes that sponsor terror" as an "Axis of Evil," which includes Iraq, Iran, and North Korea

  4. "Blue" country and pop singer LeAnn Rimes (19) weds backup dancer Dean Sheremet (21) at Perkins Chapel in Dallas, Texas

    "Blue" country and pop singer LeAnn Rimes (19) weds backup dancer Dean Sheremet (21) at Perkins Chapel in Dallas, Texas

  5. US invasion of Afghanistan: US conventional forces first deployed as part of Operation Anaconda

    Shortly after the September 11 attacks in 2001, the United States declared the war on terror and subsequently led a multinational military operation against Taliban-ruled Afghanistan.

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Angourie Rice is born

Angourie Rice, Australian actress, known for australian actress, was born on 2001-01-01. Angourie Isabel Teresa Rice is an Australian actress.

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Shirley Chisholm dies

Shirley Chisholm politician, known for american politician, died on 2005-01-01. Shirley Anita Chisholm ( CHIZ-əm; née St.

Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Mill

Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Millennium

Euro banknotes and coins become legal tender in twelve of the European Union's member states

There are eight denominations of euro coins, ranging from one cent to two euro (the euro is divided into a hundred cents). The coins first came into use in 2002.

Frequently Asked Questions

What happened on December 2, 2001?
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000.
Why is Enron files for Chapter 11 bankruptcy in the Southern District of New York significant?
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.

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December 2 in HistoryYear 2001