Word: petrocelly
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...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...
...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...
...Enron's former accounting firm, Arthur Andersen, as well as former Wall Street trader Frank Quattrone, have successfully appealed jury instructions based on the notion of willful blindness. When Quattrone's conviction was overturned two months ago, Skilling attorney Daniel Petrocelli told TIME, "I think it's a reminder of how dangerous it is that prosecutors can overreact in putting businesses on trial." In Andersen's case, the U.S. Supreme Court voided a witness-tampering conviction of the accounting firm by ruling that the trial's jury was wrongly told it could convict the firm for shredding documents during...
...Through 16 weeks of testimony, the government argued that the Enron case was about the lies Lay and Skilling told and the choices they made. Defense attorneys countered that neither executive did anything wrong or illegal: their company failed, they insisted, but failure is not a crime. Defense attorney Petrocelli argued that the proceedings felt more like a civil case, with the standards being used to warrant a guilty verdict lower than they are in a criminal trial. The jurors, eight women and four men, clearly disagreed. "It's a tremendous victory for the government - justice is served," says former...
...Skilling's testimony fly with the jury? The man famous for cussing out an analyst in a phone call had a sad, demure face as he took the witness stand two weeks ago for some gentle questioning by his attorney, Daniel Petrocelli. But Skilling's attitude toward prosecutor Sean Berkowitz - another Harvard man himself - was often dismissive; he all but said the government's guy was not smart enough to understand the company's financial charts. Later, perhaps fearing he was coming across as pompous, he stumbled over the phrase "net worth." "Is it net wealth?" he asked...