78°
Baton Rouge, Louisiana
3 Day Outlook
Wed
91°
72°
20%
Thu
91°
73°
20%
Fri
94°
73°
10%

Latest Weather Blog

Follow our weather team on social media

High court hears appeal from ex-Enron CEO

5 years ago March 01, 2010 Mar 1, 2010 Monday, March 01 2010 Monday, March 01, 2010 10:10:12 AM CST in News
By: Associated Press

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.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days