Judge OKs Forfeiture Suit Against Enron's Lay

Law360, New York (November 15, 2007, 12:00 AM EST) -- The U.S. Department of Justice may proceed with its effort to recover roughly $12.7 million from the estate of the late Enron Corp. founder and CEO Kenneth Lay after a federal judge rebuffed Lay's wife's attempt to halt the case.

Judge Ewing Werlein, Jr. of the U.S. District Court for the Southern District of Texas on Tuesday denied Linda P. Lay's motion to dismiss the civil forfeiture action brought by the DOJ's criminal and civil divisions as well as its Enron Task Force.

The lawsuit, which...
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.