We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Union Leaders Call On SEC To Support Enron Plaintiffs

Law360 (May 10, 2007, 12:00 AM EDT) -- A group of union leaders and consumer advocates has asked the U.S. Securities and Exchange Commission to demonstrate its support for investors by filing an amicus brief in the $40 billion shareholder suit against Enron currently on appeal to the U.S. Supreme Court.

The U.S. Court of Appeals for the Fifth Circuit tossed the case, filed by shareholders against several major Wall Street firms, in March, ruling that the banks could not be held liable for their involvement with Enron.

In April, shareholders appealed the decision...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.