5th Circ. Writes New Chapter In Enron Litigation

Law360, New York (September 9, 2008, 12:00 AM EDT) -- An appellate court has revived a number of stalled Texas state-court lawsuits alleging fraud against several of Enron Corp.'s banks and former executives, seven years after the energy trader's monumental collapse.

On Monday, the U.S. Court of Appeals for the Fifth Circuit reversed in part a district court's denial of Fleming & Associates LLP's motion to file state court suits.

The appellate court ruled that the firm, which represents hundreds of plaintiffs, can proceed with securities fraud claims that have a four-year statute of limitations....
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