Trial Ordered Over JPMorgan Role In Enron Dispute

Law360, New York (July 1, 2009, 12:00 AM EDT) -- A bankruptcy judge has called for a trial to determine the exact role J.P. Morgan Securities Inc. played in a complex web of big-dollar commercial paper transactions between Enron Corp. and other entities in the months leading up to the energy giant's dramatic 2001 collapse.

The central question for trial, according to an opinion issued Monday by Judge Arthur J. Gonzalez in the U.S. Bankruptcy Court for the Southern District of New York, is whether the investment bank acted as principal or as an agent for...
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