Enron Fraud dot Com.

February 25, 2002 9:50 PM

Enron Fraud dot Com. The law firm of Milberg Weiss Bershad Hynes & Lerach cordially invites Enron stockholders to partake in their class action lawsuit against the fallen energy baron. Great domain, great layout, great case. How could they lose?
posted by tankboy (6 comments total)

"How could they lose?"

Well if they go fee-based...
posted by ZachsMind at 10:42 PM on February 25, 2002

Erm, wasn't enron's colapse caused by massive lack of money?



Enron's stock is gone, their brand is gone, their knowlage workers are gone. How could they possibly pay all these people?
posted by delmoi at 12:22 AM on February 26, 2002

Well, you can't sue the politicians who allowed the entire mess to take place, now can you?
posted by tankboy at 5:33 AM on February 26, 2002

Nobody has clean hands anymore. It seems Milberg Weiss might have its own set of legal troubles.
posted by pardonyou? at 6:24 AM on February 26, 2002

delmoi, read the page -- perhaps they hope to recover the "$1.1 billion in insider trading proceeds" that their injunction has frozen.
posted by dhartung at 6:39 AM on February 26, 2002

What dhartung says -- they're going after every nickel of capital gains any Enron executive ever achieved on his options and all the profits from the off-balance-sheet partnerships.

Interestingly, they're also (apparently) going after all proceeds of sales of stock by executives, including sales which actually caused a loss. (Many Enron execs sold stock in 2001 at prices lower than the exercise price of the options with which they'd acquired it.)
posted by MattD at 7:06 AM on February 26, 2002