Governor to consider suing Enron funds manager

TALLAHASSEE - Gov. Jeb Bush signaled Monday that he will seek today to launch a lawsuit against the money management firm largely responsible for the Florida public pension fund's $329 million loss on Enron stocks and bonds.

In a letter to Tom Herndon, the executive director of the State Board of Administration, which invests the pension fund, Bush requested that a possible lawsuit against Alliance Capital Management be discussed at today's trustee meeting.

If Bush is successful, he and his two fellow trustees of the State Board of Administration would join a growing list of people who have all but abandoned speculation that alleged political machinations or criminal misdeeds by money managers at Alliance Capital Management contributed to the pension fund's loss.