Class Action Suits Are Graduating
- Washington State Takes Lead in Enron Suit. Williams, Rochelle // Bond Buyer;4/11/2002, Vol. 340 Issue 31363, p2
Reports on the class action lawsuit filed by public bondholders against Enron Corp. in California. Allegations of selling company stock prior to filing for bankruptcy protection; Improper accounting and disclosure of information; Legal counsel representing investors.
- Class Action Suit Sets Minor Precedent. Hintze, John // Bank Loan Report;1/13/2003, Vol. 18 Issue 2, p1
Reports that a decision issued by a federal court in Houston, Texas to allow a class action suit against the Enron Corp. and several other firms that allegedly manipulated financial statements may set a minor precedent for defendants seeking to settle.
- Ruling on Enron civil case due. // Accountancy;Mar2007, Vol. 139 Issue 1363, p10
The article reports on a possible 2007 ruling by a United States court on whether plaintiffs can bring a class action suit against Credit Suisse, Merrill Lynch and the law firm Vinson and Elkins. The three organizations were connected with the collapse of the Enron Corporation. Shareholders were...
- CIBC Takes a $2.4 Billion Enron Wallop. // Investment Dealers' Digest;8/8/2005, Vol. 71 Issue 31, p4
Reports on the settlement of a class-action lawsuit by Canadian Imperial Bank of Commerce over fraud claims related to its role in Enron Corp. disaster in the U.S. Amount of money involved in the settlement; Impact of the settlement on the bank; Need for the bank to take a pretax charge in its...
- Directors focus on insurance after costly settlements. Lenckus, Dave // Business Insurance;1/2/2006, Vol. 40 Issue 1, p12
The article focuses on the growth of stand-alone Side A directors and officers (D&O) insurance following the settlements of class action securities lawsuits in which WorldCom Inc. and Enron Corp. directors agreed to contribute their personal assets. The standard D&O coverage programs would not...
- WorldCom and Enron Directors Settle Litigation Using Own Funds. Rains, Darryl P. // Venulex Legal Summaries;2005 Q1, p1
The article reports on the decision of WorldCom and Enron to settle a class action litigation using their own funds. Outside directors rarely contributed personally to settlements of class-action litigation. The case achieved unprecedented negative worldwide press coverage. WorldCm directors are...
- Investors get left in the dust. Elstein, Aaron // Crain's New York Business;8/8/2005, Vol. 21 Issue 32, p1
The article reports that shareholders in the U.S. set a stunning record last week, winning over $5 billion in class action settlements in a single 24-hour span, equal to the most they have won in any year in its entirety. That gusher of cash, which came from cases involving Enron Corp. and Time...
- Mixed messages in Enron ruling. Meisler, Andy // Workforce Management;Nov2003, Vol. 82 Issue 12, p22
Deals with the ruling of U.S. District Judge Melinda Harmon in the class-action lawsuit filed by former employees of Enron Corp. to recover retirement-fund assets lost when the bankrupt company's stock collapsed. Implications of the decision; Rulings contradicted by the decision.
- WorldCom in motion. Nickerson, Kira // Money Marketing;7/19/2007, p10
The article reports on the impact of the multi-billion dollar settlement of class actions against Enron, Tyco and WorldCom in Great Britain. The settlement signifies an unexpected growth for the country's bond funds. The payout will be received when fund managers admitted that they owned...