More Lawyers Snared in Enron Trap
Dozens of law firms have been roped into the ever-widening bankruptcy probe of the Enron Corp. as targets of an ambitious new discovery campaign launched by a court-appointed investigator.
According to lawyers familiar with the matter, firms that knew or had strong reasons to suspect that any Enron-related deals were designed to mislead investors or unjustly enrich company insiders could face shareholder suits and government investigations, as well as malpractice claims by Enron’s creditors.
“The examiner and the creditors are raking over the ashes, and I’m sure whatever there is to be found will be found,” says John Nolan, a partner at Day, Berry & Howard.