Lay and six other Enron defendants dismissed from class action shareholder suit
US District Court Judge Melinda Harmon on Wednesday granted a motion to dismiss seven defendants from the Enron shareholder derivative lawsuit , scheduled to go to trial in April. The lead plaintiff in the case, the University...
JURIST Contributing Editor Douglas Branson of the University of Pittsburgh School of Law says that the latest US corporate scandal involves disclosures of backdated stock options upping the already-disproportionate compensation of CEOs and other senior managers, with criminal charges being...
DOJ drops appeal of dismissed Lay conviction after abatement bill proposed
The US Justice Department has withdrawn its notice of appeal of a federal judge's decision to vacate the conviction of former Enron founder Ken Lay . Lay, convicted ...
Former Enron accounting chief Richard Causey received a 66-month prison sentence Wednesday for authorizing bookkeeping practices that allowed Enron to defraud investors of billions of dollars. Under the original slate of 35 charges against...
US brings civil suit against Lay estate seeking $12.7 million in assets
The US government has filed a civil lawsuit against the estate of former Enron chairman Ken Lay , seeking $12.7 million. The Justice Department brought suit Monday "to recover property that constitutes proceeds of the...
US Sen. Dianne Feinstein (D-CA) has urged the US Justice Department to appeal this week's federal court ruling vacating the conviction of former Enron Chairman and CEO Kenneth Lay ....
A federal judge in Houston on Tuesday vacated the conviction and dismissed the indictment of Enron founder Ken Lay . Lay was convicted in May on fraud and conspiracy charges [indictment,...
Lawyers representing the estate of former Enron chairman Ken Lay have filed papers asking US District Judge Sim Lake to rule on a nearly two-month-old request to...
JURIST Contributing Editor Nancy Rapoport of the University of Houston Law Center says that the recent spate of guilty verdicts and stiff sentences handed out for corporate fraud committed by the erstwhile leaders of Enron, WorldCom, Tyco, Adelphia and other...
The US Justice Department filed a motion Wednesday requesting US District Judge Simeon T. Lake III defer a ruling on vacating the criminal record of former Enron CEO Kenneth Lay [Houston Chronicle...
