Judge Denies Enron Investors' Bid To Retry UBS Suit

Law360, New York (December 1, 2016, 2:43 PM EST) -- A Texas federal judge has declined to rethink her dismissal of a proposed class action claiming UBS Financial brokers hid Enron's fraud from retail investors, saying that investors waited too long to try to fix their claims.

U.S. District Judge Melinda Harmon in August tossed the suit, saying PaineWebber — which merged with UBS in 2000 — did not have a duty to warn retail investors who bought stock in Enron around the time Enron collapsed. Investors said reconsideration was appropriate since they were wrongly denied...
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