Knowledge Center
 White Papers
 Data Sheets
 eNewsletter
 Advisors Research
 
   

Monday, January 30, 2006

Enron jury selection ready to start

HOUSTON (Reuters) - Jury selection was set to begin Monday in the long-awaited trial of former Enron Corp. chief executives Ken Lay and Jeffrey Skilling for their roles in the spectacular 2001 collapse of the former energy trading giant.

A pool of 100 potential jurors was to report to the U.S. courthouse in downtown Houston, where 12 jurors and four alternates would be chosen to hear the case.

Lay, 63, and Skilling, 52, presided over Enron as it rose to become the seventh largest U.S. company, then plummeted into bankruptcy in a financial scandal that opened a window on broader U.S. corporate malfeasance.

Combined, the two men face more than three dozen fraud and conspiracy charges that accuse them of lying to investors about the company's financial state while they enriched themselves by selling millions of dollars in stock.

In pre-trial statements, both have denied any wrongdoing and accused prosecutors of criminalizing normal corporate behavior.

posted by Brian Moran @ 9:57 AM   0 comments

0 Comments:

Post a Comment

<< Home

 

Powered by Blogger