Tuesday, September 29th, 2009
Hesitation over a criminal prosecution is believed likely to keep the various civil actions in abeyance, too.
Enron has been sued by former shareholders and employees, who argue that the firm misled them over the long-term value of its shares, even as top executives were selling their own stock.
Progress in these cases would be helped by an unambiguous criminal judgement against the firm; without that, proving liability in a civil courtroom may prove too complicated.
Tags: languish
