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Sarbanes-Oxley News & Developments
Merrill Lynch Settles with EnronThe "MegaClaims" complaint involves claims that banks aided and abetted breaches of fiduciary duties by the ill-fated energy company.
> > The Enron MegaClaims complaint involves claims that the banks aided and abetted breaches of fiduciary duties; aided and abetted fraud; and engaged in civil conspiracy. The suit also includes bankruptcy-based claims linked to equitable subordination; preferential and/or fraudulent transfers and the re-characterization of certain transactions.
Source: CFO
Published:2006-07-07
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