Court Refuses to Hear Enron Case

[kpete]

Court Refuses to Hear Enron Case
By PETE YOST – 2 hours ago

WASHINGTON (AP) — The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed amid a massive accounting fraud.

By refusing to review the investors' lawsuit, the court took away what may have been their only hope of keeping the case alive.

Enron stockholders may seek to revive their case in the lower federal courts, though the 5th U.S. Circuit Court of Appeals in New Orleans has ruled against them once before.

Enron's demise wiped out thousands of jobs, more than $60 billion in market value and more than $2 billion in pension plans.

more at:
http://ap.google.com/article/ALeqM5hcRz8t-OqQk1Z7wp3tkQMxMQ9hAAD8UB1CAO0

[CorpGovActivist]

1. K&R n/t

[AndyA]

2. I'm so glad the Dems kept their powder dry during the Alito hearings.

Gotta save it up for the really big stuff, right?

:sarcasm:

[ladjf]

3. When the Supreme Court is "fixed" you are in maximum trouble.

[2 Much Tribulation]

5. Yes, I think you have a point there.... nt

[southern_belle]

4. surprise, surprise, surprise..

:eyes: