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Non-Tech : The Enron Scandal - Unmoderated
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To: KLP who wrote (679)1/25/2002 1:24:09 PM
From: The Duke of URL©  Read Replies (1) of 3602
 
Aren't they culpable at all???

The general rule is that the attorney for Enron represented enron, they did not pretend to represent the investor as did the accountants. They do not issue their opinions to you and you do not rely on them to advise you. They do not by any stretch of the imagination represent you, they have no duty nor liability to you.

If they issued an opinion to you and you reasonably relied on it, then you may have a shot at them.....The "law firm" that issued the document save memo, was the litigation department of the accounting firm.
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