Word: laying
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...less than a week, Ken Lay's criminal conviction in the Enron scandal has been formally thrown out because of his death, and former Enron CEO Jeffrey Skillling has been sentenced to 24 years in prison. But if anyone thinks that means the end of the Enron legal battles, they are as mistaken as the analysts who thought the once high-flying energy trader was a blue chip with a bright future...
...Even in death, Ken Lay's legal odyssey may not be over. Although a Houston judge last week vacated the former Enron chairman's conviction, some legal observers predict the government will appeal the ruling - possibly all the way to the Supreme Court. At issue is - what else - lots and lots of money: there is a flurry of unsettled civil suits brought by investors, employees and victims against Lay and many others involved with Enron. Even if prosecutors have no illusions of actually having the ruling overturned, they may figure that additional legal fees associated with a drawn-out appeals...
...Laying off Lay, however, is clearly not on their minds right now. On Monday, the same day that Skilling was sentenced to prison, the government announced that it had filed a civil forfeiture action against the Lay estate. The government is seeking the $2.5 million condo Linda Lay lives in, more than $10 million in the Lay family investment partnership, and $22,680.14 remaining in Lay's bank account. "All proceeds were obtained directly, or indirectly as the result of various federal crimes, including securities fraud, wire fraud and conspiracy to commit securities fraud," the Department of Justice press release...
...also had a patrician vision of spreading wealth and lifting a nation. In a 1902 letter to his son about building a workers' city around his Tata Steel works, he deplored the squalor of industrial England and anticipated what would become a standard for urban planning: "Be sure to lay wide streets planted with shady trees ... Be sure that there is plenty of space for lawns and gardens." After his death in 1904, the city took his name, becoming Jamshedpur. Tata Steel introduced a series of worker benefits that would become common only much later in the West, such...
...mounting momentum, it would have needed help from the officials. With 15:50 left in the first half, Princeton goalie Maren Dale charged a Harvard cross but could not hold on to the ball. After a collision, Harvard had possession in front of an open net, but Dale lay on the ground with goalie interference the call against the Crimson. While it was unclear whether Dale had possession at the time of contact, the call could have gone either way. An equalizing goal might have provided the spark the Crimson needed to match the home team’s intensity...