Word: suit
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Dates: during 2000-2009
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...unlike the two former colleagues he will be tried with--Enron's onetime CEO Jeffrey Skilling and chief accounting officer Richard Causey--Lay wasn't charged with insider trading by the Justice Department (although last week the Securities and Exchange Commission did so in a separate, $90 million suit in civil court, where the standard of proof is less stringent). Instead, the bulk of the charges against Lay allege that he helped keep the deceit alive after he resumed his role as CEO in August 2001, when Skilling abruptly resigned. The remaining charges deal with an obscure bank-fraud rule...
...WILL OTHERS FOLLOW SUIT? Mark Chopko, general counsel for the U.S. Conference of Catholic Bishops, calls the bankruptcy an "act of desperation," though one a "handful" of dioceses might consider. They might be wise to hang back awhile. True, Portland may rationalize its debt, keep discussion of its sins to a relative minimum and set a limit on future claims against old offenses--in other words, extract itself from the nightmare still facing other dioceses. But the hearings could also become high theater, the diocese's fiscal and administrative exposure could breed further investigation, and a loss on the parish...
That record may not stand long. In this era of extreme sports--when even an 80-year-old former President dons a skydiving suit and jumps out of a plane to celebrate his birthday--big-wave surfers have set their sights on a loftier, more hubris-laden goal: a 100-ft. wave. "Twenty years ago, no one would ever have conceived of [riding] a 100-ft. wave," says Sam George, editor of Surfer magazine. "But the surfers that are really at the vanguard today are confident they can ride [one]." In 2001 they were further emboldened in their quest when...
...million Amount that Morgan Stanley will pay to settle a sex-discrimination suit filed by more than 300 women; $12 million goes to the lead plaintiff...
...monotonous job of babysitting John Kerry’s 757. I walked into the terminal expecting to find Reggie, who was on my advance team, but instead found myself staring into the lens of an ABC news camera. I headed back out, trying to look inconspicuous in my suit and realized that I had a big Kerry sticker on my backpack. I peeled it off and threw it away, as if the cameraperson had not already noticed...