Enron-Linked Suit Against JPM Rejected

March 2007
American Banker;3/30/2007, Vol. 172 Issue 62, p20
Trade Publication
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.


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