Wednesday, January 23, 2008

Supreme Court Denies Review of Enron Case

Tony Mauro of Law.com reports, "The Supreme Court on Tuesday dashed the hopes of defrauded Enron investors who sought to recover billions of dollars from investment banks connected to the collapsed energy firm." "Without comment," the report explains, "the justices denied review in Regents of the University of California v. Merrill Lynch, in which stockholders claimed that a range of banks participated in "contrived, deceptive deals" that helped Enron show profits that were not real."