SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Enron Scandal - Unmoderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stockman_scott who wrote (3562)7/1/2010 2:36:22 PM
From: Glenn Petersen   of 3602
 
Skilling's Attorney to Seek Bail for Former Enron CEO

Published: Thursday, 1 Jul 2010 | 1:07 PM ET
By: Scott Cohn
Senior Correspondent, CNBC

Attorneys for former Enron CEO Jeffrey Skilling will try to get him freed on bail, following the Supreme Court's ruling in his favor last week, CNBC has learned.

The high court sent Skilling's case back to an appelate court for review, after determing that the law under which he was convicted was interpreted too broadly.

"We're making the motion at the earliest possible time, when the Supreme Court decision is final and the case is remanded," defense attorney Daniel Petrocelli told CNBC in an e-mail.

Skilling, 56, has already served 3 1/2 years of his 24 year sentence for conspiracy, fraud and insider trading.

Petrocelli hopes to use the Supreme Court ruling to throw out Skilling's conviction altogether, noting that a federal appeals judge had already ruled that at least 14 of the 19 counts Skilling was convicted of were subject to reversal if the Supreme Court ruled in Skilling's favor.

It normally takes 25 days before a Supreme Court decision is final, after which Petrocelli says he will ask the appeals court to free Skilling on bail while the case is decided.

© 2010 CNBC.com

cnbc.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News