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Lay's Estate Not Worth Going After?

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At a glance:

The Times newspaper in the UK reports that Enron investors who are pursuing a class action lawsuit may not find it worthwhile to go after Kay Lay's estate now that he has died. 
 
The lead plaintiffs, the Regents of the University of California, are expected to meet soon to decide whether to remove Lay as a defendant in their suit to try to recover some of the billions in losses from Enron's collapse. 
 
Other defendants are Jeff Skilling, who was convicted along with Lay on fraud and conspiracy charges, and 11 banks, some of which have already settled their claims. 
 
Much of Lay's wealth is reportedly gone, and most of the remainder is spoken for, either in annuities for his family (which are protected from creditors) or owed to the US Justice Department as "proceeds of fraud".

Lay's estate bereft of past riches

Times Online - 7/5/2006 7:04 PM

THE estate of Ken Lay, the late founder of Enron, is expected to escape a multibillion-dollar class action because the lead plaintiffs in the case are not expected to pursue his estate, The Times has learnt.
 
The Regents of the University of California, the lead plaintiffs in the shareholder class action filed on behalf of all investors who lost billions when Enron collapsed, will meet later this month to vote on removing Lay from the lawsuit.
 
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