Big Banks Want Hedge Funds' $100M Enron Suit Tossed

Law360, New York (September 28, 2011, 12:17 PM EDT) -- Barclays PLC, JPMorgan Chase & Co. and other financial heavy-hitters asked a Texas federal court on Tuesday to dismiss several Canadian hedge funds' $100 million lawsuit accusing them of aiding the fraud that led to Enron Corp.'s collapse and sent its executives to prison.

The lawsuit — in which the hedge funds allege that the financial institutions provided critical support to the the massive fraud that brought down Enron — was revived in August after four years of negotiations on a proposed $7.2 billion settlement in...
To view the full article, register now.