Court Refuses to Hear Enron Case

[OhioChick]

Source: AP

By PETE YOST – 42 minutes ago

WASHINGTON (AP) — The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed amid a massive accounting fraud.

By refusing to review the investors' lawsuit, the court took away what may have been their only hope of keeping the case alive.

Enron stockholders may seek to revive their case in the lower federal courts, though the 5th U.S. Circuit Court of Appeals in New Orleans has ruled against them once before.

Enron's demise wiped out thousands of jobs, more than $60 billion in market value and more than $2 billion in pension plans.

Tuesday's turndown for the Enron investors came without comment in a routine Supreme Court list of cases the justices had decided not to hear.



Read more: http://ap.google.com/article/ALeqM5hcRz8t-OqQk1Z7wp3tkQMxMQ9hAAD8UB1CAO0

[whistle]

1. How much did the judge accept in bribes to keep the case off the docket?

[asjr]

2. And which judge?

[aquart]

5. Roberts? I'm sure he refused on principle.

It wasn't a democratic or constitutional principle, however.

Which is why we will vote for the Democratic candidate no matter how pissed off we are.

[Javaman]

3. And so it goes...nt

[peacetalksforall]

4. Republican wins and successes continue to roll in. Perhaps Ken

will rise again.

[Crabby Appleton]

6. K&R

[ProudDad]

7. Kenny! Oh, Kenny!

You can come back now from the Bahamas...

You're safe...

[femrap]

8. And all of those who

voted for Johnny Bob Taliban Roberts and Joe I-Lie-Too, I hope Karma takes a big chunk out of your wallet and you end up living in a studio apartment working 2 jobs. Especially the traitora of the Democratic Party.

[redqueen]

9. We don't need any moderate judges, as I've read Obama seems to think...

we need to balance the radical right judges, is what we need, IMO of course.

[northofdenali]

10. And I should be surprised because???? n/t

[progressoid]

11. Water under the bridge. They should just get over it.

.





:sarcasm:

[cascadiance]

12. Time to impeach some SCOTUS judges too!

[ladjf]

13. Did anyone think it would otherwise?

[Felix Mala]

14. The Roberts Court: See No Evil, Hear No Evil...

[sarcasmo]

15. 2 Billion in lost Pensions and the Supreme Court gives them a big F/U

Kick and Nom, this Country is in the Toilet.