Judge Extends Asset Freeze For TXU Investors

Law360 (March 28, 2007, 12:00 AM EDT) -- Investors accused by securities regulators of insider trading in relation to the purchase of energy company TXU Corp. by private equity firms have once again had their assets frozen by a federal court.

A judge in the U.S. District Court for the Northern District of Illinois on Wednesday extended the term for the asset freeze placed on certain accounts held with Credit Suisse in Zurich and Fimat Banque Frankfurt Zweigniederlassung.

The judge also approved a 60-day extension on the freeze currently underway on a UBS AG...
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