Word: enronization
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...motion, prosecutors argue that the current law is not fair to crime victims and "erases hard-won verdicts." The Enron task force wants the new law to be retroactive to July 1 - four days before Lay died. The proposal has sparked a hot legal debate among those involved in and observing the Enron case...
...This is the latest proof of how the lynch mob mentality that the Enron Task Force has incited and fueled, prevails over the rule of law," says Skilling's defense attorney Daniel M. Petrocelli. "The proposed legislation is openly unconstitutional. And the motion to the court asks the court in the starkest terms to participate in a knowing violation of the Constitution. I trust the court will reject the invitation...
...death in July, it was assumed, meant the end of the criminal case against the former Enron chairman. But prosecutors want to change that. On Wednesday, they filed a a motion asking Judge Sim Lake to hold off on signing the paperwork vacating Lay's conviction on fraud and conspiracy charges until former Enron CEO Jeffrey Skilling is sentenced in late October. In the motion, prosecutors propose a new law that criminal cases not be abated when the defendant dies, as is current legal precedent. In an effort to also get a Congressional hearing on the proposal, copies were sent...
...there was enough circumstantial evidence surrounding the e-mail to win a case. In the end the decision to drop the case echoes a broader trend to allocate resources to more timely issues. "You can't focus on everything," says Andrew Weissmann, former head of the Justice Department's Enron task force, who is now in private practice. "There are a lot of other things to do." For example: the backdating of stock options. More than 100 companies, from Home Depot to Apple, are being investigated for the way they handed out stock options to executives with issue dates earlier...
There are still a few loose ends from the wave of prosecutions kicked off after the 2000 stock-market slump and the Enron meltdown. And some aren't as easy to wrap up as Quattrone's. Several British bankers, known in England as the NatWest Three, were hauled to Texas in July, after loud protests back home and a drawn-out extradition process. They face charges that they worked with ex-Enron CFO Andrew Fastow to siphon millions of dollars from a deal between their former employer, National Westminster Bank, and Enron. And in August, most of the convictions...