Judge Throws Out Long-Running Enron Case
By: Reuters
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.
The written ruling, dated Thursday, grants Credit Suisse , Barclays and Merrill Lynch, now part of Bank of America , summary judgment in the case.
The ruling does not affect the multibillion-dollar settlements that other financial firms agreed to pay Enron investors to settle the litigation.
Plaintiffs in the case contend the banks played a role in accounting misdeeds that led to the company's bankruptcy in late 2001.
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.