Judge OKs Skilling’s pursuit for new trial

Ex-Enron CEO can file request for new trial in a few months

Talk about a lucky break.

Enron Corp.’s former CEO Jeffrey Skilling, who currently is serving a 24-year prison sentence for conspiracy, securities fraud, insider trading and lying to auditors, could get a new trial.

On Friday, U.S. District Judge Sim Lake, who oversaw the 2006 trial concerning Skilling’s misdeeds related to his energy company’s 2001 collapse, told Skilling’s lawyers that they can move forward in their pursuit of a new trial.

Skilling’s lead attorney, Daniel Petrocelli, told Judge Lake last week that the defense team is seeking a new trial in light of newly discovered evidence, including FBI agents’ and Securities and Exchange Commission lawyers’ notes from pretrial interviews with prosecution witnesses. Judge Lake said he will review the evidence that prosecutors gave Skilling’s lawyers before trial in order to determine whether the new evidence is significant enough to call for a new trial. He also requested that Petrocelli confer with prosecutors to agree on the format in which they will present the evidence to the judge before Petrocelli files a request for a new trial later this summer or early this fall.

Read Reuters for more about Skilling’s pursuit for a new trial.

For more of InsideCounsel’s Skilling-related news, read:

Ex-Enron CEO Skilling seeks new trial

Experts Weigh in on Lay, Skilling Defense Strategies

Year in Review 2010: Defense Decision

Skilling, DOL Agree on $85 Million Enron Settlement

Supreme Court Decision Curtails Prosecuters' Use of Honest Services Fraud Charges

Ashley Post

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