Law Firm, Lay Dropped From Enron Suit

Law360, New York (January 25, 2007, 12:00 AM EST) -- A Texas court overseeing a massive securities class action against Enron Corp. has granted the lead plaintiff’s request to dismiss several defendants, including the law firm Vinson & Elkins LLP and deceased Enron founder Ken Lay from the lawsuit.

U.S. District Judge Melinda Harmon on Wednesday issued a 13-page opinion and order allowing lead plaintiff The Regents of the University of California’s to pare down the pool of defendants and focus on the deep pockets of investment banks.

Remaining defendants include Merrill Lynch & Co., Deutsche...
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