Merrill, Barclays Cut From Enron Shareholder Suit

Law360, New York (March 6, 2009, 12:00 AM EST) -- A federal judge has thrown out all claims against Merrill Lynch & Co. Inc., Barclays PLC and Credit Suisse First Boston LLC in a long-running $40 billion securities class action launched by shareholders in the wake of Enron Corp.'s colossal collapse.

Judge Melinda Harmon of the U.S. District Court for the Southern District of Texas gave the nod Thursday to summary judgment motions by the three financial institutions seeking to dismiss them from the lawsuit on the grounds that they could not be held liable for...
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