Securities Law News

Enron Investors Can’t Take UBS to High Court Over 15 Years Later

Oct. 1, 2018, 1:55 PM

The U.S. Supreme Court won’t review Enron Corp. investors’ claims against UBS investment bank entities seventeen years after the energy company’s collapse.

The investors have been trying to recoup their losses after Enron’s 2001 accounting fraud scandal and bankruptcy, but the U.S. Court of Appeals for the Fifth Circuit in February said they couldn’t show UBS entities acted together to stick them with Enron debt. The Supreme Court Oct. 1 denied the investors’ appeal.

One UBS entity allegedly knew about Enron’s perilous state and another UBS entity brokered the investors’ purchase of Enron debt without disclosing the company’s problems,...

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