Prosecutors seek $183 million payment from ex-Enron CEO Skilling Brett Murphy at 11:14 AM ET
[JURIST] Federal prosecutors have asked US District Court Judge Sim Lake to order former Enron Corp. [JURIST news archive] CEO Jeffrey Skilling [Houston Chronicle profile] to pay $182.2 million for his part in the conspiracy with Kenneth Lay [Houston Chronicle profile] on counts of fraud, conspiracy, and insider trading. Originally the government had split the amount between the two - $139.3 million from Skilling and $43.5 million from Lay. However, after Lay's death [JURIST report] in early July, his lawyers filed court papers asking for Lay's record to be cleared [JURIST report] because he had not yet been sentenced or had the chance to appeal his conviction. Prosecutors on Friday asked Lake to make Skilling responsible for the entire amount, however, stating that Skilling is "liable for all the proceeds attributable to all co-conspirators, indicted or unindicted, including Lay."
Lake has not indicated when he will rule on the prosecutors' motion. AP has more.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.