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Wednesday, July 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

Supreme Court to Hear Ex-Enron CEO’s Appeal

(CN) - The U.S. Supreme Court on Tuesday agreed to hear former Enron CEO Jeffrey Skilling's appeal of his conviction for his role in the energy giant's 2001 collapse.

In January, the 5th Circuit in New Orleans upheld Skilling's conviction, but ordered his resentencing.

A jury in 2006 found Skilling guilty of 19 criminal counts stemming from the company's collapse, including conspiracy, securities fraud and inside trading.

Skilling resigned on Aug. 14, 2001, about four months before the company went under.

An investigation revealed that Skilling, Kenneth Lay and other Enron executives had manipulated the company's earnings to meet Wall Street expectations and then covered up the fraud by cooking the books.

The 5th Circuit dismissed Skilling's arguments on appeal, including jury bias and prosecutorial misconduct.

The Supreme Court justices took up the case without comment.

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