Suing

A New York-based law firm is suing Merrill Lynch, alleging that its clients — current and former Enron Corp. stockholders — purchased shares in Enron “as a result of misleading research and advice from Merrill Lynch analysts and brokers.”

A New York-based law firm is suing Merrill Lynch, alleging that its clients — current and former Enron Corp. stockholders — purchased shares in Enron “as a result of misleading research and advice from Merrill Lynch analysts and brokers.”

While supplier choice is catching on across the land, Edinburg,TX, Pop. 29,885, is suing its local distribution company forproviding transportation-only service to large end-users.

The nation’s largest municipal utility, the Los Angeles Department of Water and Power (LADWP), said Monday its legal counsel is currently assessing whether the giant city-run utility will file a lawsuit against Houston-based Reliant Energy for in excess of $200 million of alleged overcharges in a 1999-2001 natural gas supply deal, according to LADWP’s General Manager David Wiggs. “We’ll know in a couple of weeks whether we’ll go ahead with a lawsuit,” Wiggs said during a brief interview Monday with NGI.

The U.S. Department of Labor is suing Enron Corp. and 21 former company officials, including former Chairman Kenneth L. Lay and CEO Jeffrey K. Skilling, for mismanaging two of Enron’s pension plans. The lawsuit seeks a court order requiring the defendants to restore to the plans all losses with interest, forfeit their right to benefits from the plans and be permanently barred from serving as fiduciaries to any plan governed by the federal Employee Retirement Income Security Act (ERISA).

Oklahoma City-based independent producer Aspen Group Resources Corp. is suing its former chairman and CEO for alledgedly misappropriating funds and engaging in a “patter of conduct to conceal his activities” from the company board.