TITLE

Enron-Linked Suit Against JPM Rejected

PUB. DATE
March 2007
SOURCE
American Banker;3/30/2007, Vol. 172 Issue 62, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the outcome of the lawsuit between JPMorgan Chase & Co. and its investors. The case said that JPMorgan defrauded investors by failing to disclose that it had secretly helped Enron Corp. hide liabilities. The shareholders claimed that JPMorgan's disclosure of aiding Enron caused their stock to fall. U.S. District Judge Sidney Stein wrote that if the plaintiffs allegations were true, it would not be them, but the shareholders of Enron who would have been defrauded.
ACCESSION #
24576283

 

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