Quote:
"On behalf of his estate, I'm really quite pleased with the ruling and glad this brings to a close the criminal proceeding against Mr. Lay," said Samuel Buffone, the attorney for Lay's estate. "The judge engaged in a fair and reasoned application of 5th Circuit law."
Tuesday's ruling thwarts the government's bid to seek $43.5 million prosecutors allege Lay took by participating in Enron's fraud. The government could still pursue those claims in civil court, but they would have to compete with any other litigants also pursuing Lay's estate.
Tuesday's ruling thwarts the government's bid to seek $43.5 million prosecutors allege Lay took by participating in Enron's fraud. The government could still pursue those claims in civil court, but they would have to compete with any other litigants also pursuing Lay's estate.
I'm sure his "estate" is pleased. On to the civil suits!