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October 20, 2005
Enron cases are simply different
It is standard operating procedure in white collar criminal cases for the defense attorney to advise the defendant not to make public statements prior to trial so as not to risk making a statement that the prosecution could discover and use against the defendant during the trial.
However, the Enron-related criminal cases are fundamentally different than your typical white collar criminal case -- amorphous charges, extensive and often-biased media coverage, prosecution propaganda campaigns and efforts to silence key witnesses, etc. So, in that context, it's probably not surprising that former Enron chairman and CEO Ken Lay has agreed to be the Houston Forum's speaker at lunch on December 13th (scroll down for reservation information) to talk about "the collapse that rattled Wall Street and the corridors of political power," just a month before his criminal trial with former Enron colleagues Jeff Skilling and Richard Causey begins in Houston. This Mary Flood article quotes Mr. Lay's defense counsel, Mike Ramsey, on Mr. Lay's scheduled talk: "Enron's collapse hurt the community. I think Ken owes it to the community to explain his view."
Mr. Lay's talk will likely preview his theory of defense at trial, which will concede mistakes in judgment in managing Enron, but contend that those mistakes were not criminal in nature.
Posted by Tom at October 20, 2005 06:34 AM
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