Abstract

The Enron Nine
Greider, William | May 13, 2002 issue

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The class-action lawsuit is 500 pages long, not counting appendixes, and dense with tedious legal repetitions and the mind-numbing complexities of Enron Corp.'s financial transactions, most already known. The "Enron Nine" are J.P. Morgan Chase, Citigroup Inc., Credit Suisse First Boston, Canadian Imperial Bank of Commerce, Bank of America, Merrill Lynch, Barclays, Deutsche Bank and Lehman Brothers. These financial institutions collaborated with the now-bankrupt energy company in its financial sleight of hand--the deals that enabled Enron to inflate its profits, conceal its burgeoning debts and push its stock price higher and higher.

See Also:

ACTIONS & defenses; ENRON Corp.; ACCOUNTS payable; FINANCIAL institutions; BANKRUPTCY; CORPORATE debt; CITIGROUP Inc.
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