The hopes of Enron investors are riding on Stoneridge v. Scientific-Atlanta , a Supreme Court case being argued today that may be the last chance at compensation for their losses when the scandal-ridden energy company collapsed. Much of corporate America has jumped into the fight, arguing that shareholders in companies that commit securities fraud should not be allowed to sue banks, accountants, law firms and suppliers that allegedly participated in the fraud.
October 09, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The hopes of Enron investors are riding on a Supreme Court case that may be the last chance at compensation for their losses when the scandal-ridden energy company collapsed.
Much of corporate America has jumped into the court fight, arguing that shareholders in companies that commit securities fraud should not be allowed to sue banks, accountants, law firms and suppliers that allegedly participated in the fraud.
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