In a one-sentence ruling the U.S. Court of Appeals for the Fifth Circuit in New Orleans denied a request by former Enron Corp. CEO Jeffrey K. Skilling to be released from prison on bail while he appeals his 2006 convictions. A Houston jury sentenced Skilling to 24 years in prison after he was convicted on 18 criminal charges related to Enron's bankruptcy in 2001, but a resentencing was ordered by the circuit court in early 2009 (see Daily GPI, Jan. 7, 2009). In June the U.S. Supreme Court ruled that some of the charges against Skilling should be retried or dismissed (see Daily GPI, June 25).
©Copyright 2010 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.