February 11, 2002 |
Former Enron Corp. Chairman and Chief Executive Kenneth L. Lay will refuse to testify Tuesday when he appears before a congressional committee investigating the collapse of the energy trading giant, his spokeswoman said Sunday. ''Under the instruction of counsel, Mr. Lay will exercise his 5th Amendment right at the Tuesday hearing,'' Kelly Kimberly said, declining further comment. The amendment grants constitutional protection against self-incrimination.
February 5, 2002 |
Congressional investigators prepared Monday to subpoena former Enron Corp. Chairman Kenneth L. Lay to appear before their panels, while the Justice Department rejected calls for the appointment of an independent counsel to investigate the energy giant's collapse. At a hearing on Capitol Hill, the nation's top securities regulator confirmed his agency postponed a routine review of Enron's financial statements in 2000, in part because Enron appeared to be healthy.
December 8, 2002 |
Former Enron Corp. Chairman Kenneth L. Lay's family foundation -- which had 90% of its holdings in Enron stock -- cannot meet this year's pledges because its value plummeted from $52 million to $2.4 million last year. The Houston-based foundation has asked charities to let it honor the pledges in the future, Lay's spokeswoman Kelly Kimberly said.
June 22, 2004 |
Former Enron Corp. Chairman Kenneth L. Lay is seeking a meeting with federal prosecutors to discuss reports that he will be indicted within two weeks, his lawyer said. Michael Ramsey, head of Lay's legal team, reiterated his belief that the government had no case against his client.
April 5, 2005 |
Federal prosecutors moved to put Enron Corp. founder Kenneth L. Lay on trial by this summer for bank fraud charges. In a court filing, prosecutors argued that it would be in the public interest for Lay to be tried soon on charges that he lied to banks about using loans to buy Enron stock on margin. A sweeping conspiracy and fraud case against Lay, former Enron Chief Executive Jeffrey K. Skilling and former top accountant Richard A. Causey is scheduled for January.
January 20, 2005 |
Former Enron Corp. executives Kenneth L. Lay, Jeffrey K. Skilling and Richard A. Causey will stand trial for securities fraud in Houston federal court, a judge ruled, denying a request to move the case. U.S. District Judge Sim Lake rejected a defense request for a change of venue based on claims that potential jurors in Houston, the location of the energy trading company's headquarters, would be biased against them, said Skilling's attorney Dan Petrocelli.