Holding Accomplices Accountable

Editorial
2007 New York Times

May 13, 2007

Financial fraud is often a team sport. It took a host of banks, lawyers and accountants to hide Enron's problems from investors. So a federal appeals court sent precisely the wrong message when it prevented a class-action lawsuit against three of Enron's banks -- Merrill Lynch, Credit Suisse and Barclays -- from moving forward, saying that the banks "only aided and abetted that fraud by engaging in transactions to make it more plausible."

For the full story visit the New York Times:
http://www.nytimes.com/2007/05/13/opinion/13sun3.html?ex=1336708800&en=a3585fdabc80e863&ei=5088&partner=rssnyt&emc=rss