Judge throws out long-running Enron investor case
March 6, 2009
NEW YORK, March 6 (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 Group AG, Barclays Plc and Merrill Lynch, now part of Bank of America Corp, 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.