Supreme Court ruling likely to hinder Enron invest (Al Gore Support Center Online Forum 2008 :: A Reality Based Organization Fighting For Al Gore!)

Title: Supreme Court ruling likely to hinder Enron invest

singhtjunior - January 16, 2008 02:18 PM (GMT)

Supreme Court ruling likely to hinder Enron investors

By Ruth Mantell, MarketWatch

WASHINGTON (MarketWatch) -- A U.S. Supreme Court ruling on Tuesday makes it harder for investors to sue companies after a fraud, a decision that could make it tougher for swindled Enron investors to recover any money from the failed energy firm's bankers.

http://www.marketwatch.com/news/story/supr...A57F403AFACB%7D

singhtjunior - January 16, 2008 03:55 PM (GMT)

Supreme Court limits investor suits against 3rd parties

By James Oliphant | Tribune reporter
January 16, 2008

"Tuesday limited the ability of defrauded investors to sue accountants, bankers and lawyers who may have helped a company commit the fraud."

"The 5-3 decision represents a victory for corporate America, the business lobby and the Bush administration, all of which urged the court to insulate those third parties from so-called "scheme liability," which attempts to reach outside companies who may have contributed to the stock fraud."

http://www.chicagotribune.com/business/chi...1,4430169.story

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