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

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Duke of URL© who wrote (2108)2/1/2002 2:42:02 PM
From: PartyTime  Read Replies (1) of 5185
 
Of course, they elect judges in Texas. Wonder how much Enron spread into the Longhorn judiciiary?

(Has this been posted here yet?)

Another Recusal in Houston
The judge in Enron's 401(k) mess takes herself off the case for Bush ties — and
company stock
BY CATHY BOOTH THOMAS/DALLAS

Tuesday, Jan. 15, 2002
Wanted in Houston: someone — anyone — without ties to Enron.

Southern District Court Judge Lee Rosenthal, who was overseeing some 45
cases involving 401(k) and securities claims against Enron in Houston, has
become the latest public official to recuse herself from the Case of the Crooked
E. (It's a play on Enron's tilted E logo, folks — not a rush to prejudge.) Her
withdrawal, not revealed until Monday, came on Friday — just days after the
entire U.S. attorney's office in Houston as well as the Attorney General of the
United States (not to mention the one in Texas) had to step out of the
investigation.

Next up to the plate is Judge Melinda Harmon, the Houston jurist whose most
recently famous for her July decision to imprison crime writer Vanessa Leggett
when she refused to turn over notes to the feds in a Houston murder case.
Harmon, a Radcliffe grad who got her law degree at the University of Texas at
Austin, had Leggett imprisoned for more than five months without bail. The
writer got out of jail only this month.

Judge Rosenthal was and is, by all accounts, a honorable type but the fact that
she was appointed by George Bush Sr., had worked for Bush's old chief of staff
James Baker at Baker Botts in Houston, and had owned Enron stock did raise a
red flag among angry shareholders. Last week, after all, Rosenthal turned down
a request to freeze the $1.1 billion gained by 29 Enron directors and officers on
stock options even as shareholders and employees were losing their shirt. Baker,
her old boss, had worked for Enron after he left the Bush White House and it
was, of course, Baker's firm who managed the post-election vote crisis in
Florida for Bush Jr.

Rosenthal told the magazine Texas Lawyer she hadn't owned Enron stock "for a
very long time"--certainly not in 2001 when the case came before her court. But
according to a disclosure report filed with the Administrative Office of the U.S.
Courts, she did own some Enron stock in 2000. How much and whether she sold
it was removed from the records at her request — with the approval of her
judicial superiors. She, like most of the lawyers interviewed by Texas Lawyer,
sees no problem with judges owning stock. "We just have to be careful," she told
them. Hence, apparently, the decision to step down.

But Rosenthal's step points yet again to the difficulty of finding anybody in this
neck of the woods who hasn't taken money, been employed by, or been burned
by, Enron.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext