Results tagged “michaelramsey”

And the Enron legal saga goes on: A day after we learned that Judge Sim Lake approved a request from Lay's lawyers to substitute Lay's estate for Lay in court proceedings, the first step toward vacating the dead former Enron leader's conviction on fraud and conspiracy charges, Lay's estate attorneys filed a request today to erase the convictions and dismiss the indictment against Lay. But it looks like prosecutors aren't going to take that lying down: The filing included a sentence that said Lay's lawyer, Michael Ramsey, had "conferred with [prosecutor] Kathy Ruemmler, who indicated the government will oppose this motion."

Federal prosecutors aren't finished with Ken Lay and Jeff Skilling's assets yet: They filed a motion Friday asking for $183 million from the pair of former Enron executives — money prosecutors say came from fraud Lay and Skilling committed while they led Enron. The sum includes $140 million in stock sales, compensation and bonuses from Skilling and $43 million from a bonus and use of a company credit line from Lay. The motion says Lay and Skilling "were able to sell Enron stock and reap hundreds of millions of dollars in benefits, all while knowingly misrepresenting Enron's true financial condition to the public."

Judge Sim Lake and the lawyers in the Enron trial met yesterday to agree on the legal instructions Lake will give the jury Monday, which include a charge to consider whether ex-Enron Chairman Ken Lay and ex-CEO Jeff Skilling were "deliberately ignorant," ignoring warnings about improper conduct at the company, or whether they acted on a "good faith" intention to fulfill their duties. Lay lawyer Michael Ramsey, back in court this week after five weeks...