Enron Exec Loses Appeal In Insider Trading Case

Law360, New York (April 27, 2010, 1:32 PM EDT) -- A federal appeals court has dismissed a double jeopardy appeal from former Enron Corp. executive Rex Shelby, leaving him open to a second trial on insider trading charges.

Shelby's claims of double jeopardy had no merit, the U.S. Court of Appeals for the Fifth Circuit said in an opinion issued Friday. The decision marks his second failure to convince the Fifth Circuit to block a second indictment on insider trading following a split verdict in his first trial.

Shelby, a former senior executive with Enron Broadband...
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