Banks Get Chance To Appeal Enron Ruling

Law360, New York (September 7, 2006, 12:00 AM EDT) -- A district court ruling has given the country’s largest investment banks the opportunity to appeal a bankruptcy court ruling that could wipe out some of their claims in the ongoing Enron Corp. bankruptcy case.

Merrill Lynch & Co., Citibank and Barclays PLC, among others, will have until Tuesday to appeal a decision by bankruptcy court judge Arthur Gonzalez that would eliminate claims by creditors found to have engaged in inequitable conduct.

The ruling would also apply to banks that had purchased claims in the bankruptcy from...
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