Chase Not Liable For Enron Filings: NY High Court

Law360, New York (April 1, 2010, 7:20 PM EDT) -- New York's highest court has ruled that Chase Manhattan Bank, in its role as a noteholder trustee for Enron Corp., should not be liable for the accuracy of regulatory filings Enron made.

In a Thursday decision written by Judge Eugene F. Pigott of the New York Court of Appeals, the court ruled that Chase Manhattan Bank, a part of JPMorgan Chase & Co., was not required to confirm the truth of financial data forwarded to the bank as part of its indenture trustee agreement with Enron....
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