Investors who lost money in the collapse of Enron filed a petition Friday asking the judge overseeing bankruptcy proceedings to rule on whether Merrill Lynch & Co. was a knowing participant in helping the energy trader hide massive losses. It marks an escalation by the lawyer for the lead plaintiff to recover money from brokerages and banks that had relationships with Enron. William Lerach said he presented a similar motion to Canadian Imperial Bank of Commerce, which has opted to settle for $2.4 billion.
August 08, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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