Former Enron CEO Jeffrey Skilling will go back to square one now that the Supreme Court has declined to reconsider his case.
Skilling’s attorney says he will go back to the court where the former CEO was convicted in 2006 in the most notorious corporate collapse in U.S. history.
“We will be returning to the district court for further proceedings,” defense attorney Daniel Petrocelli said in an e-mail to CNBC.
Still pending before U.S. District Judge Sim Lake, who presided over Skilling’s 2006 trial, is a planned defense motion for a new trial based on new evidence. Skilling’s defense team has alleged misconduct by the Justice Department’s elite Enron Task Force, formed in the wake of the energy company’s epic 2001 collapse. In addition, an appeals court ruled in 2009 that Skilling’s 24-year prison sentence was too harsh, and ordered Lake to resentence him. All the district court proceedings have been on hold while the Supreme Court case played out.Page 1 of 2 | Next Page