Securities Litigation Trends: Energy

Law360, New York (February 14, 2007, 12:00 AM EST) -- More than five years after Enron’s spectacular collapse, the energy industry is now facing fewer securities lawsuits than just about ever before. In fact, only one new securities suit involving a major energy company was filed in federal court in 2006, according to our survey of the 65 utility, gas and oil companies in the S&P 500.

“There’s a heightened degree of compliance,” said Ray Whitman, the head of the national litigation group at Baker & Hostetler LLP. “No one wants to be the next Enron,...
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