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ID: 29171
Title: Court blocks $40 billion class-action Enron suit (Reuters)
Description:

U.S. District Judge Melinda Harmon leaves the federal courthouse in Houston June 14, 2002. A federal appeals panel in New Orleans said on Monday that the lower court judge improperly granted class-action status in a $40 billion lawsuit by Enron Corp. investors, a big victory for the investment banks Merrill Lynch and Co Inc. and Credit Suisse Group that sought to have the ruling overturned. (Richard Carson/Reuters)Reuters - Investment banks Merrill Lynch and Co. Inc. and Credit Suisse Group won a huge victory when a $40 billion class-action lawsuit filed by Enron Corp. investors was blocked by a federal appeals panel in New Orleans on Monday.
Category: Business/
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Date Added: March 19, 2007 11:21:02 PM
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