Vinson & Elkins "employed an eyes-wide-shut policy" about former client Enron's complex accounting structures that helped lead to the Houston company's bankruptcy, according to a class action shareholder suit pending in Texas. Along with their motion opposing summary judgment, the lead plaintiffs, represented by lead attorney William S. Lerach, submitted five boxes of documents as evidence, including e-mails from V&E partners to each other and to then-Enron executives.
June 16, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Vinson & Elkins “employed an eyes-wide-shut policy” about former client Enron Corp.’s complex accounting structures that helped lead to the Houston company’s bankruptcy.
That’s according to a 281-page document titled “Lead Plaintiffs’ Opposition to Motion for Summary Judgment” filed Tuesday in a class action shareholder suit pending in the Southern District of Texas in Houston before U.S. District Judge Melinda Harmon.
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