Supreme Court Declines Second Look at Skilling Case
The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.
The high court on Monday refused to hear his appeal of a lower court's rejection of his theory that a flaw in his earlier trial meant that the whole thing should have been thrown out.
Skilling was convicted in 2006 of conspiracy, securities fraud, insider trading and lying to auditors for his role in the downfall of the once-mighty Houston-based energy giant. The company collapsed into bankruptcy in 2001 under the weight of years of illicit business deals and accounting tricks.
The Supreme Court earlier said one of the convictions was flawed, and told a lower court to decide whether he deserved a new trial. The lower court said no.