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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.