High court hears appeal from ex-Enron CEO

Font size

Posted: Mar 1, 2010 11:10 AM by Associated Press

  Rating: 0.0 (0 votes)

Topics: Enron, Jeffrey Skilling, CEO, appeal, Supreme Court

Former Enron CEO Jeffrey Skilling is asking the Supreme Court to throw out his convictions in connection with the collapse of the energy giant that cost thousands of jobs and billions of dollars.

Lawyers for Skilling and the government are appearing before the high court Monday as he appeals his 2006 convictions on 19 counts of conspiracy, securities fraud, insider trading and lying to auditors.

Skilling argues he did not have a fair trial in Houston, Enron's hometown, amid anger over Enron's implosion in 2001.

He also is contesting his conviction under the federal fraud law making it a crime to deprive shareholders or the public of "the intangible right to honest services."

Critics say the law is vague and unfair.

comments powered by Disqus

Most Popular