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Matching entries from Houston's Clear Thinkers
Reacting to Gladwell's Enron article
It's been a week now since Malcolm Gladwell's New Yorker article on the injustice of the case against Jeff Skilling. One of the more revealing reactions to the article resulted from a question that Gladwell posed in this blog post...
The injustice of the Jeff Skilling case
In a few days, unless the Fifth Circuit grants his motion to remain free on bond pending appeal of his conviction, Jeff Skilling will report to prison to begin serving a 24-year prison sentence. The image of Skilling entering that...
Closing arguments in the first Enron Broadband re-trial
Inasmuch as I had a couple of hearings yesterday in federal court, I was able to slip in and watch most of the closing arguments of the Enron Task Force's case against former EBS CFO Kevin Howard (picture on the...
Lay-Skilling, Week Fifteen
Week 15 of the corporate criminal case of the decade (previous weeks summary posts here) was the relative calm before the final battle of closing arguments next week. Although there was a skirmish over the Ostrich jury instruction, the lull...
First Enron Broadband re-trial begins today
The three-month trial last year of five former Enron Broadband Services (nicknamed "EBS") executives on fraud and insider trading charges ended in a disastrous mix of acquittals and a mistrial for the Enron Task Force. So, this time around, U.S....
Lay-Skilling, Week Nine
U.S. District Judge Sim Lake declared "Spring Break" at the conclusion of a short Week Nine of the criminal trial of former key Enron executives Ken Lay and Jeff Skilling as the prosecution concluded its case-in-chief and the Lay-Skilling team...
More on the risk of going for the cheap score
Remember Kevin Hannon? He is the former Enron Broadband executive whose testimony was the subject of this earlier post on the risk for the Enron Task Force of attempting to score points with the jury by eliciting seemingly helpful testimony...
Be careful what you ask on re-direct
As predicted yesterday, the media frenzy over former Enron CFO Andy Fastow's testimony relegated the previous Enron Task Force witness -- former Enron Broadband chief operating officer Kevin Hannon -- to obscurity rather quickly. However, before leaving the stand, the...
The risk of going for the cheap score
Former Enron Broadband chief operating officer Kevin Hannon will finish his testimony today in the trial of former key Enron executives Ken Lay and Jeff Skilling. Most likely, with the testimony of former Enron CFO Andy Fastow to follow, Hannon's...
Lay-Skilling, Week Five
The pace of the Enron Task Force's legacy case against former key Enron executives Ken Lay and Jeff Skilling continued to pick up pace during its fifth week (earlier weekly summary posts here), but that quicker pace is highlighting an...
The Enron Broadband Trial
Almost three and a half years after Enron collapsed into bankruptcy, the first criminal trial involving exclusively former Enron executives will crank up in front of U.S. District Judge Vanessa Gilmore in Houston federal court on Monday. Here is the...
Enron-related developments
The Chronicle's Mary Flood, who continues to do a bang up job of keeping up with the unfolding events relating to the various aspects of the Enron scandal, has a couple of Enron-related news items today. First, she reports that...
Another trial in an Enron criminal case gets pushed back
Remarkably, almost three years after Enron's descent into bankruptcy amid wide-ranging allegations of corporate fraud, the Enron Task Force still has not taken a criminal indictment against a former Enron executive to trial. And one of the first Enron-related criminal...
The Enron noose tightens
The Government's noose around neck of Jeffrey Skilling and Kenneth Lay got a bit tighter today as Kevin P. Hannon, former chief operating officer of Enron Corp.'s heavily promoted telecommunications unit, became the latest former Enron executive to plead guilty...
Enron Broadband defendant pleads guilty
Ken Rice, the former head of Enron’s broadband Internet business, became the 11th person to plead guilty to an Enron-related crime when he admitted to a single count of securities fraud this morning before U.S. District Judge Vanessa Gilmore in...
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