US Supreme Court takes no action on Enron liability case

[elehhhhna]

June 25, 2007, 10:43AM
Court takes no action on Enron liability case -- for now

WASHINGTON — The Supreme Court today put off deciding on the Enron scandal, taking no action in a securities fraud case with billions of dollars at stake for victimized investors.

The case asks whether Enron shareholders can pursue a lawsuit against Wall Street investment banks that did business with the Texas energy company.The justices have already agreed to consider a similar suit accusing two equipment manufacturers of colluding with a cable TV company to deceive investors.

The Bush administration decided against filing a brief on behalf of the investors in the case, with both President Bush and Treasury Secretary Henry Paulson weighing on the side of the investment banks.


http://www.chron.com/disp/story.mpl/business/4917779.html

[aquart]

1. How many Republican voters were screwed by this?

[ChairmanAgnostic]

2. let me guess. this friday, in the pantry, with a knife, and a 5-4 decision.

there is NO WAY that any business friend of Bush will lose this. no way. None.