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That stake was worth about $981 million at the time of the filing.
The suit was named Sheff v. O'Neill, for the governor at the time of the filing, William A. O'Neill.
The company has been struggling with its creditors and owed more than $11 million to Regions Bank on eight different promissory notes at the time of the filing.
Herrick Feinstein said it reported that it had no openly gay lawyers "because, at the time of the filing, we did not ask for that information".
At the time of the filing, Barclays issued a statement challenging the commission's allegations, saying the bank's "trading was legitimate and aboveboard" and said it intended to "vigorously defend this matter".
The damages in this type of case are the difference between the purchase price and the stock price at the time of the filing of the case, or the loss the investor incurred if the shares were sold.
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(Forefront, $8.59) JON CARAMANICA SCOTT WEILAND: 'THE MOST WONDERFUL TIME OF THE YEAR' File under: Things You Knew You Never Wanted.
The company was faced with $10.65 billion in debt at the time of the bankruptcy filing.
At the time of the bankruptcy filing, Enron said the book's value had fallen from $12 billion to roughly $7 billion after merger discussions with Dynegy broke down.
The value of the licenses themselves, which had plunged to a low of $1 billion at the time of the bankruptcy filing, is uncertain.
By the time of the bankruptcy filing, they had 67 Joan & David boutiques, shops within major department stores and outlet stores.
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