Following a string of high-profile witnesses, nearly all of whom were former
senior executives at Enron, government prosecutors have rested their cases
against former CEO’s Ken Lay and Jeff Skilling.
They also dropped a number of charges against Lay and Skilling with the
former now facing six counts of conspiracy and fraud, and the latter, 28 cases
of fraud, conspiracy and insider trading.
In a final assault against the two former chiefs, prosecutors revealed that
the two defendants were paid a combined salary of nearly $375m (£210m) between
1999 and 2001.
The defence begins making its case – that Lay and Skilling had no part in the
financial scandal that led to demise of the energy giant – on Monday.
Enron collapsed in December 2001 after disclosures that it falsified accounts
to hide debt and inflate profits.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars