The US securities regulator will support investors who want to sue the
bankers that allegedly helped Enron
In a lawsuit valued at US$40bn, shareholders will argue that banking groups
Merrill Lynch, Barclays and Credit Suisse Group were as responsible for the
accounting fraud as Enron.
The US solicitor general, representing government in the Supreme Court case,
has been asked by
and Exchange Commission to file a supporting brief to the court, the
Washington Post reported.
Although a federal appeals court in New Orleans
decided in March that shareholders could not proceed with a class action suite,
about 30 other states have joined investors.
The case is set to begin in October.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies