In re Enron Corp. Securities
| Decision Date | 10 July 2008 |
| Docket Number | No. 07-20051.,07-20051. |
| Citation | 535 F.3d 325 |
| Parties | IN RE ENRON CORPORATION SECURITIES, Derivative & ERISA Litigation MDL-1446. Mark Newby, et al., Plaintiffs, v. Enron Corporation, et al., Defendants. Peggy Odam, Individually and as Trustee for the Kurtz Family Trust, Plaintiff-Appellant, v. Arthur Andersen, LLP; Thomas H. Bauer; Joseph F. Beradino; Debra A. Cash; David B. Duncan; James A. Friedlieb; D. Stephen Goddard, Jr.; Gary B. Goolsby; Michael M. Lowther; Michael C. Odom; Roger Willard; Richard B. Buy; Richard Causey; Andrew S. Fastow; Ben Glisan; Kevin Hannon; Ken L. Harrison; Joseph M. Hirko; Kevin Howard; Mark E. Koenig; Michael J. Kopper; Estate of Kenneth L. Lay; Jeffrey McMahon; Kristina Mourdaunt; Lou Pai; Paulo V. Ferraz Pereira; Kenneth D. Rice; Jeffrey K. Skilling; John Wakeham; F. Scott Yeager; Daniel Boyle; JP Morgan Chase & Co.; JP Morgan Securities, Inc.; J.P. Morgan Chase Bank; Credit Suisse First Boston, Inc.; Credit Suisse First Boston USA, Inc.; Credit Suisse First Boston, LLC; Campsie, Ltd.; Chase Securities, Inc.; Citibank, NA; Citicorp; Citicorp Global Markets, Ltd.; Citicorp North America, Inc.; Citicorp Global Markets, Inc.; Citigroup, Inc.; National Westminister Bank, PLC; RBC Dominion Securities Corp.; RBC Dominion Securities, Inc.; RBC Dominion Securities, Ltd.; RBC Holdings USA, Inc.; Royal Bank DS Holding, Inc.; Royal Bank Holding, Inc.; Royal Bank of Canada; The Royal Bank of Scotland Group, PLC; Greenwich Natwest, Ltd.; Greenwich Natwest Structured Finance, Inc.; Citicorp North Pershing, LLC; Canadian Imperial Bank of Commerce; CIBC, Inc.; CIBC World Markets Corp.; Merrill Lynch Pierce Fenner & Smith, Inc.; Bank of America Corp.; Bank of America, NA; Banc of America Securities, LLC; Barclays, PLC; Barclays Bank, PLC; Lehman Brothers Holdings, Inc.; Lehman Brothers, Inc.; Daniel H. Bayly; James A. Brown; Robert S. Furst; William Fuhs; Schuyler Tilney, Defendants-Appellees. David Jose; James Brister; Peter Maxfield; George Atallah, Plaintiffs-Appellants, v. Arthur Andersen, LLP; D. Stephen Goddard, Jr.; David B. Duncan; Debra A. Cash; Roger Willard; Thomas H. Bauer; Andrew S. Fastow; Kenneth L. Lay; Jeffrey K. Skilling; Richard B. Buy; Richard Causey; Ken L. Harrison; Michael J. Kopper; Lou Pai; Paulo V. Ferraz Pereira; John Wakeham; Ben Glisan; Kristina Mourdaunt; Michael C. Odom; Gary B. Goolsby; Michael M. Lowther; The Financial Institutions, Defendants-Appellees. Richard Choucroun; Michael Kalil; P.J. Ellison Kalil; Carl Bridges; Roger W. Powell; Roger W. Powell IRA Rollover, under the Trust of Charles Schwab, Inc.; Powell Enchanted Oaks, Ltd., Plaintiffs-Appellants, v. Arthur Andersen, LLP; D. Stephen Goddard, Jr.; David B. Duncan; Debra A. Cash; Roger Willard; Thomas H. Bauer; Andrew S. Fastow; Kenneth L. Lay; Jeffrey J. Skilling; The Financial Institutions, Defendants-Appellees. Mary Bain Pearson; John Mason, Plaintiffs-Appellants, v. Andrew S. Fastow; Jeffrey J. Skilling; Kenneth L. Lay; Richard B. Buy; Richard Causey; Ronnie C. Chan; Ken L. Harrison; Michael J. Kopper; Paul V. Ferraz Pereira; John Wakeham; Ben Glisan; Kristina Mourdaunt; D. Stephen Goddard, Jr.; The Financial Institutions, Defendants-Appellees. Fred A. Rosen; Marian Rosen; Larry D. Barnett; Robert Chazen; Clifford D. Gookin, Trustee for the Clifford D. Gookin Revocable Living Trust; Carl Herrin; Todd L. Johnson, Administrator for RJS & Affiliated Companies Pension Plan; Robin Saex; John Siemer, Trustee FBO The Siemer Family Trust; Elizabeth Siemer, Trustee FBO The Siemer Family Trust; John E. Williams; Lee Ann Tobin, Personal Representative of the Estate of Anthony Tobin, Plaintiffs-Appellants, v. Andrew S. Fastow; Kenneth L. Lay; Jeffrey J. Skilling; Richard B. Buy; Richard Causey; Ken L. Harrison; Michael J. Kopper; Lou Pai; Paulo V. Ferraz Pereira; John Wakeham; Ben Glisan; Kristina Mordaunt; D. Stephen Goddard, Jr.; David B. Duncan; Debra A. Cash; Roger Willard; Thomas H. Bauer; Arthur Andersen, LLP; The Financial Institutions, Defendants-Appellees. Harold Ahlich; Frances Ahlich; John Banks; Ida Banks; Nancy Bell; Bill Bragdon; Rhonda Bragdon; Bruce Campbell; Janet Campell; Vincent Carrella; Marianne Carrella; Louis Carucci; Patrick Cunningham; James Davidson; Karen Davidson; John Davis; Peter Dorflinger; Ronald Gish; Johanne Graham; John Gutman; David Huckin; Edward Japhe; Michael Krehel; John Neighbors; Jean Neighbors; William Powell; Samuel Reiner; Lillian Reiner; Henritta Rowe; Ralph Shapiro; Jean Shapiro; Constance Theodore; George Venters; Nickye Venters; Peter Veruki; Christopher Rowe; Chris Babson, Co-Executor of the Estate of Irving Babson; Stacey Babson, Co-Executor of the Estate of Irving Babson; Jennie Lutz, Personal Representative of the Estate of Paul Lutz, Plaintiffs-Appellants, v. Arthur Andersen, LLP; D. Stephen Goddard, Jr.; David B. Duncan; Debra A. Cash; Roger Willard; Thomas H. Bauer; Andrew S. Fastow; Kenneth L. Lay; Jeffrey J. Skilling; Richard B. Buy; Richard Causey; Ken L. Harrison; Michael J. Kopper; Lou Pai; Paulo V. Ferraz Pereira; John Wakeham; Ben Glisan; Kristina Mourdaunt; The Financial Institutions, Defendants-Appellees. Ruben Delgado; Irene Delgado; Apolonio Baca; Robert H. Baker, On behalf of the Brookdale Baker Limited Family Partnership; David F. Bitonti; Edwin C. Broun, III; Caroline Callery; Bonnie Cooksey; Louis J. Daleo, On behalf of Loumar Limited a Partnership; Ken Davis; Jeffrey W. Elliot; Donna L. Gagliardi; Louis Gordon; Joel Grossman; Jaime Grossman; Douglas C. Hause; Rietta Huthmacher; Joan Ischinger; George Jeffords; Kenneth H. Jones, On behalf of Marianne Jones; Emily Kemper; Alan Levin; Diane Levin; Sylvia H. Lohman; David P. Matthews; Ken J. McCall; Mary Faye McCall; Lance Miller; Barbara Miller; Edward O'Rourke; Kathryn O'Rourke; Frank Pargac; Debra Pargac; Alex Pezdek; Arlene Rawitscher; John B. Bowe; Jeffrey E. Shainock; Robert Tilotta; Thomas Tosoni; Bill W. Vernon; Shaun Wymes; Nancy Bell, Personal Representative of the Estate of Howard Earl Bell, Plaintiffs-Appellants, v. Andrew S. Fastow; Kenneth L. Lay; Jeffrey J. Skilling; Richard B. Buy; Richard Causey; Ken L. Harrison; Michael J. Kopper; Paulo V. Ferraz Pereira; John Wakeham; Ben Glisan Kristina Mourdaunt; D. Stephen Goddard, Jr.; David Duncan; Arthur Andersen LLP; Lou L. Pai; The Financial Institutions, Defendants-Appellees. Don L. Guy, Trustee for the Guy Family Living Trust; Jack Manning; Sue Manning; Mary H. Pearson; Curtis D. Robert; Greg Swindensky; Barry M. Wuntch; Dorothy Zeigfinger; Harold Zeigfinger, Co-Trustees Harold & Dorothy Zeigfinger Family Trust; Charles H. Adderhold; Arnold Greenberg; Regan Yardley; Harold Spears; Suzanne C. Spears; Lenora Hartmann; Joseph Hamer; Patricia A. Thomas; Alfred Urbanek; Adrienne Samuels; Robert Herzberg; Frances R. Mattingly; George J. Cooke; Debra C. Levenson; Willis Bartak; Joyce W. Richardson; Jim Bemis; Rosanna Kaar; William P. Todsen; Joseph Tennaro; Theodore A. Marciniak; Martin Kay; Judith Kaye, Trustee for the Kaye Family Trust; Stanley Jack Abrams, Lawrence P. Treadwell; Thomas J. Regan; Martha Sears, Personal Representative of the Estate of Kaylor Wilkins, Plaintiffs-Appellants, v. Arthur Andersen, LLP; Thomas H. Bauer; Michael L. Bennett; Joseph F. Beradino; Debra A. Cash; David B. Duncan; James A. Friedlieb; D. Stephen Goddard, Jr.; Gary B. Goolsby; Gregory W. Hale; Michael M. Lowther; Michael C. Odom; Roger Willard; Richard B. Buy; Richard Causey; Andrew S. Fastow; Ben Glisan; Kevin Hannon; Ken L. Harrison; Joseph M. Hirko; Stanley C. Horton; Kevin A. Howard; Michael J. Kopper; Kenneth L. Lay; Jeff McMahon; Kristina Mourdaunt; Lou Pai; Kenneth D. Rice; Jeffrey K. Skilling; John Wakeham; Paulo V. Ferraz Pereira; F. Scott Yeager; The Financial Institutions, Defendants-Appellees. Cynthia L. Adams; Courtney L. Allen; Maria M. Altinger; Susan L. Davis; Wilda B. Davis; Mary Ann Fisher; Ruth E. Flournoy; Frank W. Gerold; Frank W. Gerold, On Behalf of the Estate of Patricia M. Gerold; Dorothy L. Pierce; Douglas P. Pierce; Gerald E. Sedlacek; Jeanette A. Sedlacek; Carl Tragesser; Robert F. Wohlfarth; Ernest J. Schwartz; Edith Schwartz; Vern C. Smith; Nancy S. Robertson; George Fraser; Maurine D. Fraser; Jacob J. Tamborello; Phyllis F. Tamborello; John W. Peterson; Carolyn Jane Peterson; William E. Tolson; Richard F. Miller; Peter Jennings; Stephen Jennings; Linda Jennings, Trustees for the Stephen and Linda Jennings Trust; Stephen O. Jennings, Trustee for the Susan Trust; Leroy W. Pickens; John A. Tuthill; Thomas K. Huiskamp; Robert W. Sloan; George Cauble, Jr., Doctor; Arun Misra; Jay Misra; Clyde Carpenter; Carolyn Carpenter, Plaintiffs-Appellants, v. Arthur Andersen, LLP; Thomas H. Bauer; Michael L. Bennett; Joseph F. Berardino; Debra A. Cash; David B. Duncan; James A. Friedlieb; D. Stephen Goddard, Jr.; Gary B. Goolsby; Gregory W. Hale; Michael M. Lowther; Michael C. Odom; Roger Willard; Richard B. Buy; Richard Causey; Andrew S. Fastow; Ben Glisan; Kevin Hannon; Ken L. Harrison; Joseph M. Hirko; Stanley C. Horton; Kevin A. Howard; Michael J. Kopper; Kenneth L. Lay; Jeff McMahon; Kristina Mourdaunt; Lou Pai; Paulo V. Ferraz Pereira; Kenneth D. Rice; Jeffrey K. Skilling; John Wakeham; F. Scott Yeager; The Financial Institutions, Defendants-Appellees. Jane Bullock; John Barnhill; Jane Barnhill; Robert Moran; Milton Tate, Co-Trustees for Moorman, Tate, Moorman & Urquhart Money Purchase Plan and Trust; Sudie Stark; Delberth H. Stark, Jr.; Leon Toubin; Barnhill-Newman; Hal Moorman, Co-Trustees for Moorman, Tate, Moorman & Urquhart Money Purchase Plan and Trust; Robert Stark, M.D.; Henry Boehm, M.D.; Marvalyn Reiland, Personal Representative of Donald Reiland's Estate, Plaintiffs-Appellants, v. Arthur Andersen, LLP; D. Stephen Goddard, Jr.; Debra A. Cash; Roger Willard; Thomas H. Bauer; David B. Duncan; Andrew S. Fastow; Kenneth L. Lay; Jeffrey K. Skilling; The Finanical Institutions, Defendants-Appellees. |
| Court | U.S. Court of Appeals — Fifth Circuit |
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