Roberts' Court Sides Against Enron Investors

It should come as no surprise to anyone that the Supreme Court fronted by John Roberts refused to hear a case involving Enron investors suing Wall Street investment banks for fraud.

WASHINGTON (AP) — The Supreme Court dealt Enron investors a defeat Tuesday, rejecting their lawsuit alleging securities fraud by Wall Street investment banks that did business with the Texas energy company.

Enron stockholders may seek to revive their case in the 5th U.S. Circuit Court of Appeals in New Orleans, which ruled against them once before.

The chances that Enron shareholders can recover some money dimmed a week ago with the Supreme Court's decision against investors in a separate suit. It alleged that two suppliers doing business with a cable TV company engaged in securities fraud.

Tuesday's rejection came without comment in a routine list of rejected cases.