Enron Paper Risks Upsetting Credit Market: Broker

Law360, New York (January 7, 2008, 12:00 AM EST) -- A New York federal court must review Enron Corp.'s stance that commercial paper is a security under federal securities laws or risk “upset[ting] the efficient operation of this nation’s deeply troubled credit markets,” Goldman Sachs & Co. has told the court.

The investment firm on Friday filed a memorandum asking the U.S. District Court for the Southern District of New York to withdraw two consolidated adversary cases filed by Enron in bankruptcy court to recover the money it paid to purchase and retire about $1 billion...
To view the full article, register now.