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    Articles Bahamas Bermuda Cayman Islands Featured Fraud Investment USAOctober 4, 2005

    Offshore firms seek $452 m from Enron advisers

    mm
    By
    16 years ago

    Topics

    Bahamas Bermuda Cayman Islands Fraud Investment
    USA
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    Keywords

    Avenue Capital Management II, LP Citigroup Enron Gracie Capital, LP Halcyon Fund, LP
    JPMorgan King Street Capital, LP Longacre Master Fund, Ltd. Man Mac 3 Limited Marathon Special Opportunity Master Fund, Ltd. RCG Carpathia Master Fund, Ltd. Redwood Master Fund, Ltd. Scoggin Capital Management, LP Scoggin International Fund, Ltd. Scottwood Capital Management, LLC SPCP Group, LLC Strategic Value Master Fund, Ltd. Trilogy Capital, LLC
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    Firms in the Bahamas, Bermuda, the Cayman Islands and Delaware have filed an Enron-related civil lawsuit against JP Morgan and Citigroup in which they are seeking damages of $452 million.That is the amount they lost from loans they issued to Enron after being duped into believing that the Texas-based energy firm was solvent, according to a complaint that was filed at the U. S. District Court for the Southern District of Texas on August 26, 2005.