Bank Loses Bid To Use MFN Status In Enron Suit

Law360, New York (March 27, 2009, 12:00 AM EDT) -- A judge has denied a motion by National City Bank, an indenture and property trustee in Enron Corp.'s bankruptcy proceedings, to use its most favored nation status in the case to collect over $50 million in claims from a group of Enron debtors.

Bankruptcy Judge Arthur J. Gonzalez ruled Wednesday in the United States Bankruptcy Court for the Southern District of New York that because the group of debtors had split from Enron and its affiliates' bankruptcy plan, that group was not obligated to adhere to...
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