5th Circ. Nixes Ex-Merrill Exec's Enron Fraud Appeal

Law360, New York (August 12, 2011, 8:35 PM EDT) -- The Fifth Circuit on Friday upheld perjury and obstruction of justice convictions against a former Merrill Lynch & Co. Inc. manager involved in a sham sale of power generators that artificially boosted the balance sheet of now-defunct Enron Corp.

James Brown, a former managing director at Merrill Lynch and the head of the bank's strategic asset and lease finance group, had appealed to the Fifth Circuit, accusing the government of withholding important evidence that could have helped him at trial.

But a three-judge panel on Friday...
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