WASHINGTON (CN) - The U.S. Supreme Court has rejected without comment a $30 billion shareholder lawsuit against some of the investment banks involved in Enron Corp.'s 2001 collapse, including Merrill Lynch & Co., Credit Suisse First Boston and Barclays Bank PLC. The University of California led the class action accusing the investment banks of helping Enron conceal its losses.
Read the Top 8
Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.
Additional Reads
-
Investors Sue Baltimore Real Estate Company for Racketeering February 19, 2020 -
Moody’s Investor Services Settles for $863M January 17, 2017
-
VirnetX Class Accuses Big Brokers of Naked Short Sales December 19, 2016
-
EU Slammed for Not Knowing of Key Official's Offshore Firm September 22, 2016