The Enstar Group, Securities Litigation was a securities fraud action on behalf of a class of purchasers of Enstar stock.  Due to the bankruptcy (and consequent immunity from suit) of Enstar and of Enstar’s chairman who was the chief architect of the fraud, the case was litigated against secondary  actors, including a major accounting firm, a major law firm and former outside directors of the company.  The case resulted in settlements totaling $19 million, and subsequently, an additional $4.1 million was recovered for the class in collateral litigation against Michael Milken and related entities.