Court Dismisses Barclays Suit Against Arthur Andersen

Law360, New York (October 19, 2006, 12:00 AM EDT) -- One of the banks that financed Enron Corp. will not collect any money from the now-defunct Arthur Andersen LLC, after a judge tossed the bank’s suit against the auditor.

The judge overseeing Enron’s bankruptcy proceedings threw out the lawsuit filed by Barclays PLC against Arthur Andersen, ruling that the bankruptcy court did not have the jurisdiction to hear the case.

Barclays had argued that the bankruptcy court was the appropriate venue for the suit due to supplemental jurisdiction, which permits courts to hear cases related to...
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