UC Adds More Defendants in Enron Lawsuit

From Associated Press

The University of California, the lead plaintiff in a massive conglomerate of shareholder lawsuits filed in the aftermath of Enron Corp.'s collapse, added two law firms, a Canada-based bank and investment firm Goldman, Sachs & Co. as defendants Friday.

The shareholder lawsuits are seeking billions of dollars from banks, brokerages, former Enron executives and the company itself.

The university filed two complaints Friday in federal court in Houston. One added Royal Bank of Canada, New York-based law firm Milbank, Tweed, Hadley & McCloy and Houston law firm Andrews & Kurth as defendants; the other complaint added Goldman Sachs.

Goldman Sachs declined to comment.


The law firms called the allegations groundless and said they would try to have them dismissed.

Royal Bank of Canada said it was disappointed to be added to the “growing list” of defendants and planned to fight the allegations.