Word: laying
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...Daniel Petrocelli, attorney for Lay's co-defendant, former CEO Jeffrey Skilling, says his client was saddened and shaken by Lay's death. "Jeff will miss him dearly," said Petrocelli. Skilling has already lost another close friend to the Enron debacle - vice president Cliff Baxter, who committed suicide in 2002. In an interview with the Wall Street Journal last month, Skilling admitted he had considered suicide himself. Petrocelli refused to comment on the status of Lay's case. "It's inappropriate to be thinking or talking about that right now," Petrocelli told TIME. Petrocelli is continuing to work on Skilling...
...Department of Justice refused to comment on the status of Lay's case Wednesday, and Lay's attorney, Michael Ramsey, did not return calls from TIME. But the consensus from lawyers is that, despite Lay's conviction, the case will never be resolved. "It's discouraging and unfortunate," says former federal prosecutor Michael Wynne. "It's not as if he got away with it, of course. We have a system in place to punish people. And to redress wrongs and to try to get money back for people who have had it taken away." But a lot of former Enron...
...felt terribly betrayed - not only that they had lost their jobs and benefits, but that the company and executives they believed in had turned out to be dishonest, corrupt. At the time of the guilty verdict, I think many of these people were gratified by the moral judgment on Lay's actions...
...entire tragedy almost takes on Shakespearean dimensions," says David Berg, a Houston attorney who authored The Trial Lawyer: What it Takes to Win. "His fall from power was so great that it just destroyed him. In some ways, you would think that Ken Lay would rather have died than spent a moment in prison." Lay, who was awaiting sentencing in the fall, faced imprisonment for possibly the rest of his life. "On some subconscious level, it's a polite form of suicide. He was not going to let himself be imprisoned...
...Monday, barely past 1 p.m., Valencia's Line 1 subway train derailed right under the city's downtown, crashed against the inside walls, and slid outside the tracks for 100 meters before coming to a deadly halt. Inside, 41 people lay dead. According to the train's black box, the convoy entered the curve that leads to the Jesus station at 80 km/h, double the speed limit. The regional transportation minister, Jos? Ram?n Garc?a Ant?n said that "the machinist must have suffered some sort of unconsciousness or problem," adhering to the official line that only human factor was to blame...