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Ex-Enron lawyer seeks dismissal of SEC suit
Securities |
2007/06/08 06:58
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| A former Enron Corp. lawyer asked a judge to throw out a lawsuit in which the U.S. Securities and Exchange Commission accuses him of helping ex-chief financial officer Andrew Fastow hide losses at the energy trader. Jordan Mintz, one-time top lawyer in Fastow's finance division, filed the dismissal request Tuesday in Houston. Mintz and former deputy general counsel Rex Rogers are accused of failing to publicly disclose the extent of Enron's use of partnerships Fastow controlled and the money he made from them. Rogers argues the agency waited too long after Enron's 2001 collapse to sue him. Mintz says lawyers told him Fastow's dealings were properly disclosed. Fifteen ex-Enron executives pleaded guilty to crimes in the conspiracy that destroyed Enron, once the world's largest energy trader. Neither Rogers nor Mintz has been criminally charged. |
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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