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Article: Three things you need to know today.(Business)
- Article from:
- Daily Herald (Arlington Heights, IL)
- Article date:
- October 14, 2009
CopyrightCOPYRIGHT 2009 Paddock Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Court to hear Skilling appeal
WASHINGTON u The U.S. Supreme Court Tuesday agreed to hear former Enron Corp. Chief Executive Officer Jeffrey SkillingAEs appeal of his conviction for leading the fraud that destroyed the worldAEs largest energy trader. A jury in 2006 found Skilling, 55, and former Enron Chairman Kenneth Lay guilty of using fraudulent accounting and off-the-books partnerships to deceive investors, analysts and employees about the companyAEs deteriorating financial condition. A Supreme Court ruling in SkillingAEs favor could lead to a new trial. Skilling was sentenced to more than 24 years in prison.
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