Rejecting Enron class action poses stark choice: Injustice for plaintiffs or injustice for defendant

Candidly conceding that its ruling “may not coincide … with notions of justice and fair play,” the U.S. Court of Appeals for the Fifth Circuit yesterday decertified the shareholder class action against the banks that allegedly helped perpetrate Enron’s frauds — a case that has already produced more than $7 billion in settlements. The ruling, […]

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