IN RE ENRON CORP. SECURITIES, DERIVATIVE & ERISA LIT.

No. MDL-1446, Civil Action Nos. H-01-3624, G-03-0967.

762 F.Supp.2d 942 (2010)

In re ENRON CORPORATION SECURITIES, DERIVATIVE & "ERISA" LITIGATION. Mark Newby, et al., Plaintiffs v. Enron Corporation, et al., Defendants. American National Insurance Company, et al., Plaintiffs, v. Arthur Andersen, LLP, et al., Defendants.

United States District Court, S.D. Texas, Houston Division.

December 8, 2010.


Attorney(s) appearing for the Case

Richard J. Zook , Cunningham Darlow et al. , Roger B. Greenberg , Schwartz Junell et al., Lawrence David Finder , Haynes & Boone LLP, Jeffrey C. Kubin , Tracy D. Larson , Gibbs & Bruns LLP, Jack Edward McGehee , McGehee Chang, Barnes, Thomas E. Bilek , The Bilek Law Firm LLP, Robin L. Harrison , Campbell Harrison et al., Kimberly L. McMullan , Yetter Warden Coleman LLP, Jeffrey R. Elkin , Porter Hedges, L.L.P., Tom Alan Cunningham , Cunningham Darlow LLP, John G. Emerson , Emerson Poynter LLP, Thomas W. Sankey , Duane Morris, LLP, Edward Morgan Carstarphen, III , Ellis Carstarphen et al., Gary Benjamin Pitts , Pitts and Mills, Bonnie E. Spencer , Spencer & Associates, Patrick Andrew Zummo , Law Offices of Patrick Zummo, Charles W. Kelly , Kelly Sutter et al., Brian P. Johnson , Johnson, Trent, West & Taylor, LLP, Houston, TX, George Paul Howes , Robbins Geller Rudman & Dowd LLP, Patrick J. Coughlin , Ray Mandlekar , Helen J. Hodges , Coughlin Stoia et al., Shawn M. Hays , Lerach Coughlin et al., Keith F. Park , James I. Jaconette , Robbins Geller Rudman & Dowd LLP, Shawn M. Hays , Lerach Coughlin et al., Alexandra S. Bernay , Coughlin Stoia et al., Jeffrey R. Krinsk , Attorney at Law, Spencer A. Burkholz , Robbins Geller Rudman & Dowd LLP, San Diego, CA, Regina M. Ames , Coughlin Stoia et al., Mary S. Thomas , Kathryn E. Sweeney , Quinn Emanuel et al., J. Michael Hennigan , Hennigan Bennett et al., Los Angeles, CA, James D. Baskin, III , The Baskin Law Firm, Rose Ann Reeser , Texas Attorney General, Consumer Protection Division, Keith Alan Ward , State Bar Information, Austin, TX, John P. Pierce , The Pierce Law Group, Bethesda, MD, Daniel W. Krasner , Wolf Haldenstein et al., Stephen D. Oestreich , Entwistle & Cappuci LLP, David Alan Solomon , Jeffrey Lewis Glatzer , Anderson Kill et al., Sascha N. Rand , Christopher M. Evans , Kevin S. Reed , Stephen R. Neuwirth , Quinn Emanuel et al., Jonathan M. Plasse , Labaton Sucharow et al., Saul Roffe, Sirota & Sirota LLP, Aaron Brody , Stull Stull et al., Robert N. Kaplan , Kaplan Fox et al., Harvey Greenfield , Attorney at Law, Laura M. Perrone , Law Firm of Harvey Greenfield, Mark A. Strauss , Roger W. Kirby , Kirby McInerney et al., Kenneth F. McCallion , McCallion & Associates, Robert C. Finkel , Wolf Popper LLP, Stanley M. Grossman , Pomerantz Haudek et al., Charles G. Berry , Arnold Porter LLP, Brian Steven Traficante , Robert A. Goodman , Arnold & Porter, New York, NY, Jay W. Eisenhofer , Sidney S. Liebesman , Grant & Eisenhofer PA, Wilmington, DE, Deborah R. Gross , Law Offices of Bernard M. Gross PC, Sherrie R. Savett , Berger & Montague PC, Michael D. Donovan , Donovan Searles LLC, Philadelphia, PA, Loren Kieve , Kieve Law Offices, Inc., Joy A. Kruse , Lieff Cabraser et al., Joseph M. Alioto , Alioto Law Firm, Steven F. Helfand , Helfand Law Offices, San Francisco, CA, Andrew J. Mytelka , Tara Beth Annweiler , Steven Carl Windsor , Greer Herz Adams LLP, Galveston, TX, Steven J. Toll , Cohen Milstein et al., Washington, DC, Hector G. Gancedo , Gancedo & Nieves LLP, Pasadena, CA, David B. Kahn , Attorney at Law, Northfield, IL, Paul Thomas Warner , The Warner Law Firm, Cypress, TX, Fredrick F. Neid , Ass't Atty. Gen., Lincoln, NE, Lynn Lincoln Sarko , Keller Rohrback LLP, Steve W. Berman , Hagens Berman Sobol Shapiro LLP, Britt L. Tinglum , Derek W. Loeser , Erin M. Riley , Keller Rohrback LLP, Seattle, WA, Baxter Ward Banowsky , Banowsky Levine PC, Dallas, TX, Corey D. Holzer , Holzer Holzer et al., Atlanta, GA, Curtis L. Bowman , Cauley Geller et al., Steven E. Cauley , J. Allen Carney , Cauley Bowman et al., Little Rock, AR, John Lee Ringgenberg , Attorney at Law, Littleton, CO, Richard A. Lockridge , Lockridge Grindal et al., Minneapolis, MN, Aron K. Liang , Joseph W. Cotchett , Steven Noel Williams , Cotchett Pitre and Carthy, Burlingame, CA, Scott F. Hessell , Sperling & Slater, P.C., Carol V. Gilden , Attorney at Law, Chicago, IL, Howard C. Goode , Attorney at Law, Philip T. Reinstein , Reinstein & Sherman, Northbrook, IL, John H. Boone , Attorney at Law, Palm Springs, CA, Andy Wade Tindel , Provost Umphrey LLP, Tyler, TX, Thomas Walter Umphrey , Provost & Umphrey, Beaumont, TX, Keith W. Schneider , Maguire & Schneider, Columbus, OH, William B. Federman , Federman Sherwood , Oklahoma City, OK, J. Michael Rediker , Dorothy R. Drake , Michael K. K. Choy , Page A. Poerschke , Haskell Slaughter et al. , Birmingham, AL, Thomas T. Gallion, III , Constance C. Walker , Haskell Slaughter et al., Montgomery, AL, Joshua Robinson Walker , Paine Tarwater Bickers LLP, Knoxville, TN, for Plaintiffs.

Robin D. Hosea, Seabrook, TX, pro se.

Kensington International Limited, pro se.

Rushmore Capital-1 LLC, pro se.

Rushmore Capital-II LLC, pro se.

Springfield Associates, pro se.

Arab Banking Corporation, New York Branch, pro se.

DK Acquisition Partners LP, pro se.

Dresdner Bank AG, New York and Grand Cayman Branches, pro se.

DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch, pro se.

Kensington International Limited, pro se.

Whitewood Holdings LLC, pro se.

Ravenswood Capital-I LLC, pro se.

William Coy, pro se.

Mike Lange, Fairfield, CT, pro se.

Reinhardt Lange, Fairfield, CT, pro se.

Westboro Properties LLC, pro se.

Stonehurst Capital Inc., pro se.

Candy Mounter, pro se.

Lucelia Foundation Inc., pro se.

OIP Limited, pro se.

Scott David Lassetter , The Lassetter Law Firm, John B. Strasburger , Weil Gotshal and Manges, George W. Billy Shepherd, III , Shepherd Scott Clawater & Houston LLP, Barry G. Flynn , Gordon & Rees, LLP, Barnet B. Skelton, Jr. , Attorney at Law, Mark K. Glasser , Baker Botts , Charles G. King, III , King & Pennington LLP, Mark Daniel Manela , Mayer Brown et al., R. Paul Yetter , Yetter Coleman LLP, Robert Hayden Burns , Liskow & Lewis, David Michael Bond , Boyar & Miller PC, Hugh R. Whiting , Jones Day , Justin McKenzie Waggoner , Smyser Kaplan et al., Lawrence David Finder , Haynes & Boone LLP, Kathy Dawn Patrick , Aundrea Kristine Frieden , Brian Turner Ross , Jennifer H. Greer , Gibbs & Bruns LLP, Amy Catherine Dinn , Gardere Wynne et al. , Thomas Anthony Hagemann , Marla Thompson Poirot , Peter Scaff , Gardere Wynne et al., Matthew Okin , Okin & Adams LLP, James Prentiss Pennington , Michael Kenan Oldham , Reynolds, Frizzell, Black, Doyle, Allen & Oldham, LLP, Tom P. Allen , City of Houston, Legal Department, Paul D. Clote , Paul D. Clote , Attorney at Law, Joel M. Androphy , Berg & Androphy, Richard Warren Mithoff, Jr. , Mithoff Law Firm, Tonya A. Jacobs , Baker & Hostetler, Jacalyn D. Scott , Wilshire Scott et al., Gerard G. Pecht , Fulbright and Jaworski, Murray J. Fogler , Beck Redden et al., Houston, TX, Anne Sikes Hornsby , Warren B. Lightfoot , Lightfoot Franklin White LLC, Matthew Todd Lowther , James L. Noles, Jr. , Spencer M. Taylor , Balch & Bingham LLP, Birmingham, AL, Catherine E. Palmer , Latham & Watkins, Christopher C. Costello , Eliot Lauer , Michael J. Moscato , Curtis Mallet et al., Daniel F. Kolb , Davis Polk et al., Sharon Katz , Davis Polk et al., Christopher R. Harris , Myles Bartley , Samuel Rosenthal , Seth L. Friedman , Latham Watkins , Lawrence Byrne , Linklaters LLP, Gregory A. Markel , Gregory G. Ballard , Jason M. Halper , Ronit Setton , Cadwalader Wickersham et al., Nancy I. Ruskin , Cleary Gottlieb et al., Lance Croffoot-Suede , Linklaters LLP, Owen Pell , White & Case LLP, Thomas C. Rice , David J. Woll , Jonathan D. Youngwood , Jason Rubin , Simpson Thacher & Bartlett LLP, C. Ian Anderson , Thomas J. Hall , Chadbourne & Park LLP, C. Evan Stewart , Brown Raysman et al., Brad S. Karp , Paul Weiss et al., Max Gitter , Melissa K. Marler , Stephen T. Ostrowski , Cleary Gotlieb et al., Richard W. Clary , Cravath Swaine et al., Richard J. Schaeffer , Dornbusg Mensch et al., Ira Lee Sorkin , Dickstein Shapiro et al., Lawrence Zweifach , Heller Ehrman LLP, David Spears , Spears & Imes LLP, Julie Ann North , Stephen Chien , Timothy W. Blakely , Cravath Swaine et al., New York, NY, James J. Farrell , Miles N. Ruthberg , Alicia A. Pell , Benard V. Preziosi , Charles W. Cox, III , Ethan J. Brown , Camille N. Rybar , Latham & Watkins LLP, Paul S. Malingagio , Sheppard Mullin et al., Bryan A. Merryman , White & Case LLP, Jerry L. Marks , Heller Ehrman et al., Los Angeles, CA, Jeffrey S. Bagnell , Ethan A. Levin Epstein , Garrison Levin Epstein et al., New Haven, CT, Matthew D. Harrison , Peter Wald , Gabriel G. Gregg , Latham & Watkins LLP, Stan G. Roman , Krieg Keller et al., John A. Reding, Jr. , Paul Hastings et al., San Francisco, CA, Andrew Ramzel , Administaff Inc., Kingwood, TX, Curtis D. Ripley , Michele L. Odorizzi , T. Mark McLaughlin , Andrew D. Campbell , Jordan M. Rudnick , Mayer Brown et al., Jose A. Lopez , Schopf and Weiss, David Stagman , Dawn M. Canty , Katten Muchin et al., Chicago, IL, Eric H. Cottrell , Mary K. Mandeville , Mayer Brown Rowe and Maw, Charlotte, NC, Charles E. Geister, III , David A. Elder , Drew Neville , Kurt M. Rupert , Lincoln C. McElroy , Ryan S. Wilson , Hartzog Conger et al., Oklahoma City, OK, James W. Bowen , Hunton Williams , Rodney Acker , Fulbright & Jaworski LLP, Paul E. Coggins , Locke Lord Bissell & Liddell LLP, Beth G. Jaynes , Fish & Richardson, Katherine R. Hendler , Law Clerk USD Judge Sam A. Lindsay, Dallas, TX, Ronald T. Adams , Black Helterline LLP, Milo Petranovich , Lane Powell et al., Portland, OR, Michael L. Spafford , Bingham McCutchen LLP, Barry J. Pollack , Mark J. Rochon , Patrick P. De Gravelles , Emmett B. Lewis , Miller & Chevalier Chartered, Robert P. Trout , Trout Cacheris, PLLC, W. Neil Eggleston , Debevoise & Plimpton, Evangeline C. Paschal , John M. Dowd , Nell I. Brown , Akin Gump Strauss Hauer et al., Washington, DC, Robert E. Gooding , Howrey Simon et al., Irvine, CA, Matthew M. Horowitz , Wolf Horowitz et al. , Hartford, CT, John J. McKetta, III , Graves Dougherty et al., Austin, TX, Theresa Ann Foudy , Turner P. Smith , for Defendants.

Damon Michael Young , Young Pickett et al. , Texarkana, TX, for Plaintiffs*Defendants.


OPINION AND ORDER OF PARTIAL DISMISSAL

MELINDA HARMON, District Judge.

Pending before the Court in G-03-0967, alleging a giant Ponzi scheme involving inter alia all Defendants sued here,1 in violation of (1) the Texas Securities Act ("TSA"), Tex.Rev.Civ. Stat. art. 581-33, et seq., (2) the Texas Fraud in Real Estate And Stock Transactions statute, Texas Business & Commerce Code § 27.01 et seq...

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