At least six investment banks and two law firms that advised Enron and auditor Andersen will be added to a huge shareholder class-action suit over the bankrupt energy trader's collapse, sources close to the case have said.
The banks and law firms will be named in an amended complaint set to be filed on Monday. If the plaintiffs are successful, the suit could have potentially destructive consequences for Wall Street.
The suit will name investment banks Merrill Lynch, Deutsche Bank, J.P. Morgan Chase, Credit Suisse First Boston, Citigroup and Barclays Bank, and law firms Vinson & Elkins - Enron's Houston-based outside counsel - and Andersen lawyers Kirkland & Ellis of Chicago, the sources said.
Consultants McKinsey, the firm that former Enron chief executive Mr Jeff Skilling left to join Enron, and possibly other banks are expected to be named, the sources said.
About 35 to 45 Enron officers and directors will be named in the new complaint, as will about half that many Andersen partners, the sources said. - (Reuters)
