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Stories Posted on Wednesday, May 24, 2006

Judge approves Enron bank s settlement (Reuters)
InfoAboutNetwork - May 24, 2006
Reuters - A US judge on Wednesday approved a $6.6 billion civil settlement by three banks accused by Enron Corp. shareholders of ...
(2006-05-24 23:20:00 GMT)
Enron jury asks for transcripts, ends day 5

HOUSTON (Reuters) - Jurors in the trial of former Enron chiefs Ken Lay and Jeffrey Skilling finished a fifth day of deliberations without reaching a verdict on Wednesday, after making their first request for additional materials.

(2006-05-24 23:19:03 GMT)

 
Enron jury begins its fifth day of deliberations
Economic Times, India - 12
HOUSTON: The jury in the trial of former Enron chief executives Ken Lay and Jeffrey Skilling began its fifth day of deliberations on Wednesday to decide ...
(2006-05-24 23:06:00 GMT)
Enron jury ends fifth day of deliberations without verdict
MarketWatch - 13
HOUSTON (MarketWatch) -- The jury deliberating the fraud and conspiracy case against former Enron chiefs Kenneth Lay and Jeffrey Skilling adjourned after a ...
(2006-05-24 23:05:00 GMT)
Judge OKs $6.6 Billion Enron Settlement
Top Tech News, CA - 13
A federal judge gave final approval Wednesday for three more banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. manipulate earnings. ...
(2006-05-24 23:05:00 GMT)
Judge OK's $6.6B Enron Payout by Banks
Smartmoney.com - 15
SAN FRANCISCO (Dow Jones) -- A federal judge has given final approval for three banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. ...
(2006-05-24 23:03:00 GMT)
Federal judge approves $6.6B Enron shareholder settlement with ...
JURIST - 15
[JURIST] A federal judge on Wednesday gave final approval to a $6.6 billion settlement [JURIST report] between former Enron shareholders and the three banks ...
(2006-05-24 23:03:00 GMT)
Jury retires for day without verdict in Enron Trial
Tampa Bay's 10, FL - 15
Jurors in the fraud and conspiracy trial of Enron founder Kenneth Lay and former Chief Executive Jeffrey Skilling deliberated for a fifth day without reaching ...
(2006-05-24 23:03:00 GMT)
Jurors End 5th Day of Enron Deliberations
ABC News - 16
Michael Ramsey, left, lead attorney for Enron founder Ken Lay and Daniel Petrocelli, right, lead attorney for former Enron executive Jeffrey Skilling, leave ...
(2006-05-24 23:02:00 GMT)
Judge greenlights $6.6B Enron settlement
InvestmentNews, NY - 15
Three more banks will pay $6.6 billion to settle civil claims that they helped Enron Corp. manipulate its earnings, according to published reports. ...
(2006-05-24 23:01:00 GMT)
Governance issues take on new sense of urgency in wake of ...
Yahoo! News (press release) - 20
SAN ANTONIO, TX, May 24 /PRNewswire-FirstCall/ - Only a systematic approach to board accountability can help prevent another Enron or WorldCom fiasco, say ...
Governance issues take on new sense of urgency in wake of ... CNW Telbec (Communiqués de presse)
Governance issues take on new sense of urgency in wake of ... PR Newswire (press release)
all 5 related
(2006-05-24 20:25:00 GMT)
Lay, Skilling Await Jury's Decision In Enron Trial
ClickonSA.com, TX - 22
HOUSTON -- Jurors were back at work for their fifth day of deliberations Wednesday in the fraud and conspiracy trial of Enron founder Kenneth Lay and ex-CEO ...
(2006-05-24 20:03:00 GMT)
Enron deliberations in fifth day
Globe and Mail, Canada - 10
HOUSTON — Jurors in the fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling ...
(2006-05-24 19:06:00 GMT)

Seattle Times
Lopsided Odds On The Lay, Skilling Verdict
Forbes - 3
Ex- Enron chief executives Kenneth Lay and Jeffrey Skilling are awaiting a verdict that could put them in jail for the rest of their lives but the consensus in ...
Traders see guilt in Enron futures Seattle Times
Lock them up? Bettors say it's a lock Philadelphia Inquirer
Odds on whether Ken Lay and Jeff Skilling will be convicted Gambling911.com
all 6 related
(2006-05-24 18:47:00 GMT)
Judge finalizes Enron shareholder settlement
Standard-Speaker, PA - 25
HOUSTON - federal judge gave final approval Wednesday for three more banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. ...
(2006-05-24 18:17:00 GMT)
Judge approves Enron bank's settlement

HOUSTON (Reuters) - A U.S. judge on Wednesday approved a $6.6 billion civil settlement by three banks accused by Enron Corp. shareholders of helping the company hide financial misdeeds that led to its collapse.

(2006-05-24 18:10:12 GMT)

US judge approves Enron bank's settlement

HOUSTON (Reuters) - A U.S. judge on Wednesday approved a $6.6 billion civil settlement by three banks accused by Enron Corp. shareholders of helping the company hide financial misdeeds that led to its collapse.

(2006-05-24 17:38:51 GMT)


Washington Post
CORRECTED: Judge approves Enron bank's settlement
Reuters - 30
By Matt Daily. HOUSTON (Reuters) - A US judge on Wednesday approved a $6.6 billion civil settlement by three banks accused by Enron Corp. ...
Judge approves $6.6B Enron settlement MarketWatch
Judge OKs $6.6B Enron settlements with CIBC, Citigroup, JPMorgan ... CBC News
all 70 related
(2006-05-24 17:38:00 GMT)
Enron jury asks for trial transcripts

HOUSTON (Reuters) - The jury in the trial of former Enron chiefs Ken Lay and Jeffrey Skilling deliberated for a fifth day on Wednesday, making their first request for additional materials from the judge.

(2006-05-24 17:23:21 GMT)

Enron Jury Deliberates for 5th Day
Bluefield Daily Telegraph, WV - 14
By KRISTEN HAYS. Jurors in the fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling ...
(2006-05-24 17:18:00 GMT)
Judge OKs $6.6B Enron settlements with CIBC, Citigroup, JPMorgan ...
CBC News, Canada - 22
... Wednesday for the Canadian Imperial Bank of Commerce (TSX:CM) and two major US banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. ...
(2006-05-24 16:36:00 GMT)
Don't be a company man
CNNMoney.com - 1 hour ago
Even after Enron, people still load up their 401(k)s with company stock. That's a big mistake. By Walter Updegrave, MONEY Magazine senior editor. ...
(2006-05-24 16:17:00 GMT)
Judge gives final approval to $6.6 billion Enron settlement
Fort Worth Star Telegram, TX - 18
HOUSTON - A federal judge gave final approval Wednesday for three more banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. ...
(2006-05-24 16:06:00 GMT)
Judge approves Enron banks' settlement
Dominican Today, Dominican Republic - 19
HOUSTON.– A US judge on Wednesday approved a $6.6 billion civil settlement by three banks accused by Enron Corp. shareholders ...
(2006-05-24 16:04:00 GMT)
Second Ken Lay trial concludes
Monsters and Critics.com, UK - May 24, 2006
HOUSTON, TX, United States (UPI) -- A non-jury bank-fraud trial in Houston of former Enron Corp. chairman Kenneth L. Lay has ended. ...
Enron witness unaware of limits on some of Lay's loans Belleville News-Democrat
Lay aide says she was unaware of loan limits Denver Post
Lay Acknowledges Violations The Ledger
North Korea Times - all 21 related
(2006-05-24 15:57:00 GMT)

Washington Post
Enron Settles With Three Banks for $6.6B
FOX News - 29
HOUSTON — A US judge Wednesday approved a $6.6 billion civil settlement by three banks accused by Enron Corp. shareholders of ...
Judge gives OK to $6.6B Enron settlement BusinessWeek
CIBC to pay $2.4B US in Enron lawsuit settlement CBC News
US judge approves Enron banks' settlement Reuters
Reuters Canada - all 28 related
(2006-05-24 15:55:00 GMT)
Judge gives OK to $6.6B Enron settlement
Bradenton Herald, United States - 6
HOUSTON - A federal judge gave final approval Wednesday for three more banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. ...
(2006-05-24 15:44:00 GMT)
CIBC to pay $2.4B US in Enron lawsuit settlement
CBC News, Canada - 14
... a $6.6 billion US settlement of a civil lawsuit brought against three banks, including Canadian Imperial Bank of Commerce, by shareholders of Enron Corp. ...
(2006-05-24 15:35:00 GMT)
US judge approves Enron banks' settlement

The settlements to be paid to former Enron shareholders include $2.4 billion from Canadian Imperial Bank of Commerce, $2.2 billion from JP Morgan Chase and $2.0 billion from Citigroup.

(2006-05-24 15:04:27 GMT)

Enron broadband jury resumes deliberations
BusinessWeek - 15
MAY. 24 10:18 AM ET Jurors in the retrial of two former executives from Enron Corp.'s defunct broadband unit resumed deliberations Wednesday as another federal ...
(2006-05-24 14:26:00 GMT)
Enron jurors meet for fifth day of deliberations
Mail & Guardian Online, South Africa - 16
Jurors deliberated for a fifth day on Wednesday in the fraud trial of former Enron chief executives Jeffrey Skilling and Kenneth Lay, after a separate trial of ...
(2006-05-24 13:49:00 GMT)
Enron jury moves into fifth day of deliberations

HOUSTON (Reuters) - The jury in the trial of former Enron Chief Executives Ken Lay and Jeffrey Skilling began its fifth day of deliberations on Wednesday to decide whether the two are guilty of fraud and conspiracy at the collapsed energy trader.

(2006-05-24 13:46:45 GMT)

Enron broadband jury to resume deliberating
Grand Forks Herald, ND - 15
HOUSTON - Jurors in the fraud and conspiracy retrial of two former executives from Enron Corp.'s defunct broadband unit finished their first full day of ...
(2006-05-24 12:42:00 GMT)
The day in Enron: Deliberation, denials and underdogs
St. Petersburg Times, FL - 14
By ASSOCIATED PRESS. BANK FRAUD CASE: Prosecutors described Enron Corp. founder Kenneth Lay as a sophisticated hands-on investor ...
(2006-05-24 10:25:00 GMT)
Enron founder spars with prosecutor
Canada East, Canada - 23
HOUSTON (AP) - Sparring again with prosecutor John Hueston, Enron Corp. founder Kenneth Lay insisted yesterday he was not trying ...
(2006-05-24 10:16:00 GMT)
BUSINESS/AGRICULTURE
Grand Forks Herald, ND - 2
... can move stock and bond prices. • Jurors in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former ...
(2006-05-24 10:08:00 GMT)

Metro Toronto
What do we know about the Enron jury?
BBC News, UK - 2
... I've watched the jury during this trial of two former Enron executives, Kenneth Lay and Jeffrey Skilling, who face multiple charges of fraud and conspiracy and ...
Jury wrestling with Enron verdict Calgary Sun
Enron's Lay finishes testimony, waits for verdicts Houston Chronicle
Enron jury ends fourth day of deliberation Reuters
MarketWatch - BusinessWeek - all 1,118 related
(2006-05-24 09:47:00 GMT)

Albany Times Union
Jury wrestling with Enron verdict
Calgary Sun, Canada - 3
By AP. HOUSTON -- Jurors in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling ...
What do we know about the Enron jury? BBC News
Enron's Lay finishes testimony, waits for verdicts Houston Chronicle
The day in Enron: Deliberation, denials and underdogs St. Petersburg Times
Reuters - St. Louis Post-Dispatch - all 1,130 related
(2006-05-24 09:20:00 GMT)
Enron's Lay called unable to stop lying
St. Louis Post-Dispatch, United States - May 24, 2006
By Carrie Johnson. HOUSTON — Prosecutors closed their bank-fraud case against former Enron Corp. Chairman Kenneth Lay on Tuesday ...
Enron's Lay finishes testimony, waits for verdicts Houston Chronicle
Arrogant or contrite, Lay still in denial Houston Chronicle
Lay: Violations Lacked Intent Los Angeles Times
USA Today - Winston-Salem Journal - all 11 related
(2006-05-24 09:09:00 GMT)
LITIGATION: Enron juries deliberate
St. Louis Post-Dispatch, United States - May 24, 2006
Jurors in the fraud and conspiracy retrial of former executives from Enron Corp.'s defunct broadband unit finished their first full day of deliberations ...
(2006-05-24 09:03:00 GMT)
Deliberations hit fourth day at Enron trial
Belleville News-Democrat, IL - 14
HOUSTON - Jurors in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey ...
(2006-05-24 08:06:00 GMT)
Skilling's white-shoe lawyer
Baltimore Sun, United States - May 24, 2006
LOS ANGELES // Daniel M. Petrocelli and his law firm probably won't get fully compensated for their work defending Jeffrey K. Skilling, as the former Enron Corp ...
(2006-05-24 08:00:00 GMT)
Lay defends himself at a second fraud trial in Enron case
Globe and Mail, Canada - 18
Sparring again with prosecutor John Hueston, Enron Corp. founder Kenneth Lay insisted he was not trying to do anything improper ...
(2006-05-24 07:28:00 GMT)
Life after Enron pays PGE execs really well
OregonLive.com, OR - 33
Portland General Electric's recent break from the bankrupt Enron did more than improve the psyches of the 2,600 people who work at Oregon's largest utility. ...
(2006-05-24 07:13:00 GMT)
Expert Commentator: Enron Verdict/Ethics Issues
24-7PressRelease.com (press release) - May 24, 2006
... Greed of Enron's senior officials blew apart two companies and had a definite human cost. Specific comments will depend on the verdict. ...
(2006-05-24 07:12:00 GMT)
Jurors still out in Enron case
Kansas City Star, MO - 8
HOUSTON — Jurors in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling ...
(2006-05-24 07:04:00 GMT)

Seattle Times
Still no verdict in Enron trial
Financial Director, UK - 23
The jury in the fraud trial of former Enron bosses Ken Lay and Jeff Skilling has still not reached a verdict after four days of deliberations. ...
Traders see guilt in Enron futures Seattle Times
Lopsided Odds On The Lay, Skilling Verdict Forbes
Lock them up? Bettors say it's a lock Philadelphia Inquirer
Gambling911.com - all 9 related
(2006-05-24 06:29:00 GMT)

Houston Chronicle
Lay: Violations Lacked Intent
Los Angeles Times, CA - 20
In his bank-fraud trial, Enron's founder says he wasn't familiar with a law. ... HOUSTON — The sideshow legal proceeding to the 3 1/2 -month Enron Corp. ...
A violation, but not a fraud Houston Chronicle
Lay back on the stand Houston Chronicle
all 5 related
(2006-05-24 05:47:00 GMT)
Arrogant or contrite, Lay still in denial
Houston Chronicle, United States - 10
By LOREN STEFFY. During his bank fraud trial this week, a sideshow to the big top of the Enron trial, Ken Lay again took the witness stand. ...
(2006-05-24 05:39:00 GMT)
Enron broadband jury to resume deliberating tomorrow
KXLF-TV, MT - 5
HOUSTON The trial of former executives Kenneth Lay and Jeffrey Skilling isn't the only Enron-related case that's gone to the jury in Houston. ...
(2006-05-24 02:25:00 GMT)
Enron jury finishes day's deliberations, while exec's other trial ...
WBIR-TV, TN - 7
Jurors in Houston have now spent a total of about 24 hours trying to decide whether two of Enron's former executives committed crimes on the way to the energy ...
(2006-05-24 01:14:00 GMT)
Lay lights way for power predators
Seattle Post Intelligencer - May 23, 2006
... In one instance, Enron "sold" the state 500 megawatts of electricity to go over a 15-megawatt line. Enron knew that sending that ...
(2006-05-24 01:01:00 GMT)
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Report Compares San Diego Pension Fund Scandal to Enron Los Angeles Times, CA - 37 ... blames San Diego's pension fund debacle on mismanagement and illegal financial manipulations that recall the fiscal crises of Orange County and Enron Corp. ... San Diego Broke Laws in Pension Crisis, Panel Says New York Times San Diego engaged in reckless fiscal mismanagement, report says San Jose Mercury News $20 Million Audit Report Slams City Officials NBC Sandiego.com KVOA.com - KESQ - all 117 related
Request for Enron Broadband retrial rejected Houston Chronicle, United States - 1 hour ago A federal judge has turned down a request for a new trial by a former executive of Enron's Internet unit who claimed jurors pressured one another and swapped ...
New York Times
San Diego Broke Laws in Pension Crisis, Panel Says New York Times, United States - 16 ... by the private sector in recent years, as American business has sought to restore confidence in the wake of big accounting scandals at Enron and other companies ... San Diego engaged in reckless fiscal mismanagement, report says San Jose Mercury News $20 Million Audit Report Slams City Officials NBC Sandiego.com Report says San Diego deliberately mismanaged finances for years KESQ KVOA.com - Bloomberg - all 114 related
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The Enron trials will be the most important trials this decade, and will be nearly completely ignored.  Each day, we sort through all the stories to find the most interesting bits and bites.

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