Enron investors who are trying to recoup losses from the collapsed energy
giant are facing a massive law bill of £340m.
The lawyers have asked a federal court in Houston to approve fees amounting
to £343m – of about 9.5% of money recovered so far.
If the bill is approved, it could be the largest legal pay day in history,
Law firm Coughlin Stoia Geller Rudman & Robbins say they have assisted
claimants in recovering nearly £4bn from financial institutions which, according
to investors, played a role in the accounting fraud that led to Enron’s final
demise in 2001.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements