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The district court erred in certifying a securities class action against three banks on grounds that the banks committed deceptive acts when they entered into partnerships and transactions that allowed Enron Corp. to take liabilities off of its books temporarily and to book revenue from the transactions when Enron actually incurred debt as a result of the transactions.
March 26, 2007 at 12:00 AM
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The original version of this story was published on Texas Lawyer
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