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Gold/Mining/Energy : Enron - Natural Gas Industry -- Ignore unavailable to you. Want to Upgrade?

To: buffaloha who wrote (935)	11/29/2001 3:58:02 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 1433

buff: Are you saying that DYN probably has a very real and substantial legal exposure for acting in bad faith in this deal? I'm talking about high probability [+70%] they may end up with 100mm or more litigation costs...

To: buffaloha who wrote (935)	11/29/2001 5:07:32 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 1433

No DYN's mistake was believing Ken Lay and ENE's representations. From what I've read they had a lot of reasons to nix the deal. It doesn't take a rocket scienctist to figure out there was massive fraud perpertrated on investors. This was a classic case. Its not the first nor the last but it is the biggest. I chuckle when Ken Lay comments on it was just some bad investments. Yea like and if the reporting of them was proper they wouldn't have had to restate earnings. Here are a few of my ene comments. Message 16545087 Message 16652833 Message 16644028