Plaintiffs' Memorandum of Law in Opposition to Motions to Dismiss ...
Plaintiffs' Memorandum of Law in Opposition to Motions to Dismiss ...
Plaintiffs' Memorandum of Law in Opposition to Motions to Dismiss ...
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Page<br />
(a)<br />
(b)<br />
(c)<br />
(d)<br />
Joe Foy......................71<br />
Dr. Wendy Gramm................72<br />
Robert Jaedicke..................72<br />
Charles Le Maistre................73<br />
(e) Ronnie Chan ...................73<br />
(f) John Duncan ...................73<br />
(g) Norman Blake ..................74<br />
(h)<br />
Robert Belfer...................74<br />
D. Pla<strong>in</strong>tiffs Have Adequately Alleged a §20A Claim ...............75<br />
1. Pla<strong>in</strong>tiffs Traded Contemporaneously with Defendants .........75<br />
2. Defendants' Arguments Regard<strong>in</strong>g §20A Are Meritless .........77<br />
E. The Outside Direc<strong>to</strong>rs Are Liable under §11 <strong>of</strong> the Securities Act .......78<br />
1. Fifth Circuit <strong>Law</strong> Makes Clear that Rule 9(b) Does Not Apply <strong>to</strong><br />
<strong>Pla<strong>in</strong>tiffs'</strong> §11 Claims ...........................79<br />
2. This Court Has Found that Purchasers <strong>in</strong> the Aftermarket May Br<strong>in</strong>g<br />
§11 Claims; the Statu<strong>to</strong>ry Framework and Ample Precedent Support<br />
that Hold<strong>in</strong>g ...............................80<br />
3. Pla<strong>in</strong>tiffs Adequately Allege that the Registration Statements,<br />
Includ<strong>in</strong>g the Prospectuses, Conta<strong>in</strong>ed Material Misrepresentations<br />
and Omissions ..............................84<br />
a. False and Mislead<strong>in</strong>g F<strong>in</strong>ancial Results and Related- Party<br />
Transaction Representations ...................85<br />
b. False and Mislead<strong>in</strong>g Statements About EBS and the<br />
EIN................................86<br />
c. False Statements Regard<strong>in</strong>g EES.................88<br />
d. False and Mislead<strong>in</strong>g Statements About Enron's<br />
Capitalization...........................89<br />
e. False and Mislead<strong>in</strong>g Statements About Enron's F<strong>in</strong>ancial<br />
Risk Management ........................91<br />
f. False and Mislead<strong>in</strong>g Statements About Enron's Price Risk<br />
Management Activities and F<strong>in</strong>ancial Instruments ........93<br />
4. Pla<strong>in</strong>tiffs Do Not Have <strong>to</strong> Plead Reliance ................94<br />
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