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Shareholders Sue Andersen CHICAGO, Feb. 15, 2002 (Chicago Daily Herald) A Chicago law firm filed a suit Wednesday against Andersen LLP on behalf of Enron shareholders, claiming the accounting firm played a role in Enron's collapse that cost the shareholders millions of dollars. The suit was filed in Cook County circuit court on behalf of Enron investor William E. Young, of Pennsylvania. It seeks class-action status on behalf of all shareholders who had acquired Enron stock before the company's alleged wrongdoing began in 1999, according to the suit. Attorney Clinton A. Krislov, whose firm filed the suit, said he believes it is the first of its kind in Cook County, where Andersen is headquartered. The suit claims Andersen aided Enron's board of directors by allowing them to misstate earnings before the company declared bankruptcy. Andersen attorneys could not be reached for comment Wednesday. -- By Shamus Toomey |
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