Saturday, September 08, 2007

Enron's Unskilling Skilling seeks new trial.

From TPM:



Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and "coercive and abusive tactics" to win a conviction.

Skilling was sentenced last October to more than 24 years in prison for his role in the collapse of Enron Corp., once the nation's seventh-largest company. He was convicted along with company founder Kenneth Lay on May 25, 2006, on 19 counts of fraud, conspiracy, insider trading and lying to auditors.

"Profound, inherent weaknesses in the government's case _ not just gaps in its evidentiary proof, but doubts about its basic theories of criminality _ motivated the government to resort to novel and incorrect legal theories, demand truncated and unfair trial procedures, and use coercive and abusive tactics," Skilling's lead lawyer, Daniel Petrocelli, said in the appeal filed Friday with the 5th U.S. Circuit Court of Appeals in New Orleans.


Source: AP News

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