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Court Gives E.ON Lift In Suit Over Rival's Endesa Stake

Law360 (November 27, 2006, 12:00 AM EST) -- A U.S. judge has given an early legal boost to German energy firm E.ON AG in its bid to prove that Spanish rival Acciona SA duped U.S. regulators when it purchased a 10% stake in Endesa SA, another Spanish energy firm that E.ON is trying to acquire.

Acciona’s motion to dismiss the case was rejected on Nov. 20 by the U.S. District Court for the Southern District of New York, where E.ON filed suit in October.

The court said E.ON had raised enough doubt that Acciona’s...
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