Appeals Court Tosses Fleming's Enron Suits

Law360, New York (July 14, 2008, 12:00 AM EDT) -- A federal appeals court has upheld the dismissal of 10 lawsuits filed by Fleming & Associates LLP on behalf of investors against Enron Corp.'s accounting firm, Arthur Andersen LLP, and its officers, former Enron officers and financial institutions that sold Enron's securities, in the aftermath of Enron's implosion.

A panel of three judges of the U.S. Court of Appeals for the Fifth Circuit on Thursday unanimously upheld a decision by the U.S. District Court for the Southern District Texas to toss the suits, which were ruled...
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