|
|
Article: El Paso Corp. Wants Class-Action Suit Thrown Out.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 8, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Michael Davis, Houston Chronicle Knight Ridder/Tribune Business News
Feb. 8--El Paso Corp. asked a federal judge to throw out Oscar Wyatt's class-action suit, accusing the oilman Friday of being on a personal vendetta to oust the company's management.
As the lead plaintiff in a consolidated shareholders' lawsuit against El Paso, Wyatt has accused the company of a variety of misdeeds. They include misleading investors through the use of round-trip trades, improper accounting to inflate revenues, hiding debt in off-balance-sheet partnerships and manipulating the California energy market.
El Paso's rebuttal to Wyatt's claims said Wyatt ...