The employees had alleged in a class-action suit that they lost more than $1 billion because their company and its officers failed to execute their duties in administering Enron's pension plan. The partial settlement calls for the company employees who were trustees of the plan to hand over an $85 million insurance policy that covered them against liability.
It resolves the claims against Enron's human resources staff and company directors, but not those against the company itself and Kenneth Lay, who had been Enron's chairman, and former chief executive Jeffrey Skilling.
Attorneys for the Enron employees said their deal would be the largest settlement ever of a case involving company stock in retirement plans.
Both suits were filed in federal court in Houston, where Enron had its headquarters, and the settlements must be approved by the court.
