In re Enron Corp. Securities, Derivative and ERISA litigation
Published on:
July 26, 2006
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Court of Appeals (Fifth Circuit)
Amicus Issue:
Whether an implied cause of action exist under Section 10(b) and Rule 10b-5 against a secondary actor such as a bank, which has made no misrepresentations and has no duty of public disclosure, on the purported ground that such secondary actors engaged in transactions with an issuer of securities, which the issuer later misreported.
Counsel of Record:
Irell & Manella LLP
1800 Avenue of the Stars Suite 900
Los Angeles, CA 90067
David Siegel
Laura W. Brill
Other Amici on Brief:
The Clearing House Association