Supreme Court Rules Ex-Enron CEO Skilling to Get New Trial

[sabra]

Source: CNBC

BREAKING NEWS: Supreme Court Rules Ex-Enron CEO Skilling to Get New Trial, Court Also Sets Aside Fraud Conviction of Conrad Black

Read more: http://www.cnbc.com/

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http://www.cnbc.com/id/37896982

High Court Orders New Trials For Jeff Skilling, Conrad Black

The high court also set aside a ruling that upheld the convictions of former media baron Conrad Black and two ex-colleagues for defrauding shareholders of one-time newspaper publishing giant Hollinger International. The justices sent the case back to a U.S. appeals court in Chicago for further proceedings.

The court sided with Skilling in limiting the use of a federal fraud law that has been a favorite of white-collar crime prosecutors.

The court said that the "honest services" law could not be used in convicting Skilling for his role in the collapse of Enron. But Justice Ruth Bader Ginsburg said in her majority opinion that the ruling does not necessarily require Skilling's conviction to be overturned.

During arguments on this case last December, several justices seemed inclined to limit prosecutors' use of this law, which critics have said is vague and has been used to make a crime out of mistakes and minor transgressions in the business and political world.

[AngryAmish]

1. This means Blago walks, too

[No Elephants]

5. No, Bllago's a Democrat without vast wealth.

[papadog]

11. The Right sticks up for their own, even when guilty. The Left......

betrays their own even when innocent. Remember ACORN-defunded, MoveOn.org-congressional resolution for accurate claiming Gen.BetrayUS. With few exceptions, like Grayson (God bless him) or Feingold Dems are spineless wimps who won't stand up for their own while Republicans dig in their heels and let their controversies blow over. Don't we desreve representation, especially when se're right.

[Iowa]

13. Yep... And I'd add Kucinich, Franken, and Sanders to the list.

[tom_paine]

12. Exactly. n/t

[Tansy_Gold]

2. I'm shocked, shocked I tell you. n/t

[AngryAmish]

3. Damn Ginsberg wrote the opinion

It was a terrible statute that should have been struck down long ago.

[No Elephants]

6. Maybe this is why she wrote it....

"But Justice Ruth Bader Ginsburg said in her majority opinion that the ruling does not necessarily require Skilling's conviction to be overturned."

[AngryAmish]

7. We are both shooting from the hip here.

Maybe I should read the damn opinion before spewing shit I don't know about. Ya think?

[usregimechange]

14. I do, this is a complicated ruling:

GINSBURG, J., delivered the opinion of the Court, Part I of which was joined by ROBERTS, C. J., and STEVENS, SCALIA, KENNEDY, THOMAS, and ALITO, JJ., Part II of which was joined by ROBERTS, C. J., and SCALIA, KENNEDY, and THOMAS, JJ., and Part III of which was joined by ROB-ERTS, C. J., and STEVENS, BREYER, ALITO, and SOTOMAYOR, JJ. SCALIA, J., filed an opinion concurring in part and concurring in the judgment, in which THOMAS, J., joined, and KENNEDY, J., joined except as to Part
III. ALITO, J., filed an opinion concurring in part and concurring in the judgment. SOTOMAYOR, J., filed an opinion concurring in part and dis-senting in part, in which STEVENS and BREYER, JJ., joined.

[boppers]

15. Yow, that's a mishmash.

Considering how overly vague interpretation of the law has become a tad messy, I'm not surprised, though.

[brentspeak]

4. Maybe he'll rat out members of the Bush administration n/t

[ixion]

8. SCOTUS, serving their true masters

just another day in a Billionaire's Paradise.

[Scuba]

9. +1

[prolesunited]

10. Conrad Black is why I'm unemployed

That man belongs in jail.

[McCamy Taylor]

16. 5 of 7 charges against Siegelman were based on this law. Now he only has

ine bribery and one obstruction of justice. Which means only one bribery. If he can get that one thrown out, he is free.

[JoeyT]

17. That seems unlikely.

Siegelman's a Democrat. Even if he manages to escape the current railroading, they'll either trump up some more charges and if that fails they'll plant something on him.

[Doremus]

18. Why the fuck do they even keep up the pretense. As if the court would rule for the proles.

:eyes:

We're destined to be serfs and I'll deal with it, but please don't shit in my bun and call it a burger. :mad:

The oligarchy grows more powerful every day and there isn't a single thing we can do about it.