Word: houstons
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Wanted in Houston: someone - anyone - without ties to Enron...
...Southern District Court Judge Lee Rosenthal, who was overseeing some 45 cases involving 401(k) and securities claims against Enron in Houston, has become the latest public official to recuse herself from the Case of the Crooked E. (It's a play on Enron's tilted E logo, folks - not a rush to prejudge.) Her withdrawal, not revealed until Monday, came on Friday - just days after the entire U.S. attorney's office in Houston as well as the Attorney General of the United States (not to mention the one in Texas) had to step out of the investigation...
...Next up to the plate is Judge Melinda Harmon, the Houston jurist whose most recently famous for her July decision to imprison crime writer Vanessa Leggett when she refused to turn over notes to the feds in a Houston murder case. Harmon, a Radcliffe grad who got her law degree at the University of Texas at Austin, had Leggett imprisoned for more than five months without bail. The writer got out of jail only this month...
...Judge Rosenthal was and is, by all accounts, a honorable type but the fact that she was appointed by George Bush Sr., had worked for Bush's old chief of staff James Baker at Baker Botts in Houston, and had owned Enron stock did raise a red flag among angry shareholders. Last week, after all, Rosenthal turned down a request to freeze the $1.1 billion gained by 29 Enron directors and officers on stock options even as shareholders and employees were losing their shirt. Baker, her old boss, had worked for Enron after he left the Bush White House...
...Enron's senior financial executives had previously worked for Andersen in Houston: Richard Causey, Enron's chief accounting officer, and Jeffrey McMahon, chief financial officer. Although it's not unusual for auditors to be subsequently hired by their clients, Andersen has an unusual history-in Waste Management's case, supplying every CFO from...