Massive Enron Securities Litigation Comes to an End

Yesterday, U.S. District Judge Melinda Harmon (S.D. Tex.) put the final nail in the coffin of what was left of a lawsuit brought by Enron shareholders against banks they alleged helped the company commit fraud. The ruling, which effectively ends the case, comes exactly eight years to the day after Enron filed for bankruptcy protection. Full details on the case, which has already produced $7.2 billion in settlements, are available in this post on my Enforcement Action blog over at Compliance Week.