Koenig Details Accounting Misdeeds At Enron

Law360, New York (February 2, 2006, 12:00 AM EST) -- Jurors in the trial of former Enron executives Kenneth Lay and Jeffrey Skilling heard a tape Thursday during which Skilling lashed out at an analyst who questioned Enron’s ability to produce actual numbers to back up its earnings statements.

On the tape, now infamous among Wall Street analysts, Skilling is confronted by Richard Grubman, a manager of a hedge fund named Highfields Capital that had been known as a short-seller of Enron stock.

“You know, you are the only financial institution that can't produce a balance...
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.