After three often tortuous months, the end is finally in sight for the Enron Broadband trial, the Chronicle’s Mary Flood reports today.
The last of the five defendants to testify — former Enron Broadband Services CFO, Kevin Howard — took the stand yesterday and will likely finish his testimony today. Inasmuch as the prosecution may begin its rebuttal case today, Ms. Flood is predicting that final arguments will take place next week. As noted in this prior post, this trial has turned out to be a far harder one than the Enron Task Force expected, and the outcome will almost certainly affect the Task Force’s approach to future Enron-related prosecutions, particularly the Task Force’s “legacy” case — that is, the case against former Enron chairman Ken Lay and former Enron CEO Jeff Skilling.
Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
Enron Broadband Services Trial Nearly Finished
The prosecution of five former executives of the Enron Broadband Services division on securities fraud and conspiracy charges is almost over after three often excruciating months. The last of the five defendants, Kevin Howard, the CFO of the unit, denied