Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A lawyer for Enron Corp. argued Thursday that some of the 19 million pages of documents handed to investigators and government agencies since the company imploded in December 2001 should be kept out of the public eye. Attorney John Strasburger told a hearing that some of the documents contain trade secrets, personnel records or other sensitive information. Plaintiffs in a massive shareholder lawsuit pending against Enron, former company executives and several banks want information in the documents to be made public given the wide interest in Enron’s stunning 2001 collapse that left thousands jobless and millions of investors holding worthless stock. U.S. District Judge Melinda Harmon in Houston ruled in December that documents passed back and forth between lawyers in the suit as they prepare for trial would be available for public view unless defendants successfully argue to keep them sealed. Strasburger argued Thursday that several categories of documents need to be sealed: claims analyses or legal positions concerning active disputes; information pertaining to asset sales; secrets related to trading contracts that Enron is winding down with former trading partners; and personnel information. Paul Howes, an attorney for the University of California, the lead plaintiff in the lawsuit, said the categories were too broad, allowing for too much secrecy in a “case of historic proportions.” “They’re saying, ‘Trust us, this should be confidential,’” Howes said. Strasburger said a team of 20 Enron employees was reviewing the entire collection of documents for sensitive material and need another two months to finish before the company can argue specifically what should be kept under wraps. Harmon said she would rule on the issue at a later date. Copyright 2003 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.