The Enron Watch VIII

The Associated Press has an interesting article on the bankruptcy examiner report in the Enron case. The report is sharply critical of Enron’s banks and auditors, who are alleged to have assisted the company in its fraudulent transactions. The bankruptcy examiner, Neal Batson, has made some controversial requests of the court including that he and his team be protected from having to produce documents or be questioned by third parties.

Quote of note: “Batson, in his lengthy final report, blamed top company executives as well as former directors, accountants, attorneys and some large investment banks for the energy trading firm’s financial collapse. Plaintiffs in class-action lawsuits want Batson to be available for subpoena because he could potentially be an important witness as a result of his reports.”

Leave a comment

Filed under All The News That's Fit To Blog

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s