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President Asked Not to Side with Defendants in Case Linked to Enron

By: Associated Press
By: Associated Press

WASHINGTON (AP) - Some U.S. senators are calling on the Bush administration not to side with defendant companies in a Supreme Court case involving Enron.

Connecticut Senator Christopher Dodd, who heads the Senate Banking Committee, urged the administration not to file a friend of the court brief.

A Justice Department spokesman declined comment.

Houston-based Enron went bankrupt in 2001 after its stock collapsed.

The administration in June rejected a Securities and Exchange Commission recommendation and did not support the position of investors suing banks for damages.

The high court has not decided whether to hear arguments in the Enron case.

But justices have agreed to review a similar suit brought by investors against suppliers to one of the nation's largest cable TV companies.

If the court rules against investors in the cable TV suit, it could mean that other cases, like the Enron shareholders suit, would not be able to go forward.


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