Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us


Table: Targeting Enron's Bankers

Courts consider company advisers, such as investment banks, to be "abettors," making them immune to securities-fraud class actions. But in the Enron case, the investment banks still may be vulnerable. Here's why:

1. The bankers took stakes in off-balance-sheet partnerships they created that helped Enron hide debt. Plaintiffs will try to prove that they are "instigators" of fraud, not just abettors.

2. Private partnership documents show that banks knew Enron's finances were shaky, but their underwriting filings on debt issues sold to the public suggest otherwise. Plaintiffs will claim the filings were fraudulent.

3. Document discovery may produce further embarrassing revelations.

Data: Legal documents, BusinessWeek

blog comments powered by Disqus