Judge Allows Lay-Estate Swap

Law360, New York (August 16, 2006, 12:00 AM EDT) -- Attorneys for Enron Corp. founder Ken Lay are one step closer to clearing his name, after a judge permitted the legal team to substitute Lay’s estate for the recently deceased CEO in ongoing criminal proceedings.

Judge Sim Lake approved the switch last week, but the decision was made public earlier this week.

The swap means that the attorney representing Lay’s estate can formally move to have Lay’s conviction thrown out, which would leave the former executive with a clean slate.

Although Lay has been convicted of...
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.