April Trial Set for Ex-Enron Executives

HOUSTON -- Trial was set for next April for seven former executives from Enron Corp.'s failed broadband unit charged with faking earnings and touting capabilities the unit didn't have in order to inflate the company's stock price, The Associated Press reported Tuesday.

U.S. District Judge Vanessa Gilmore said defense attorneys and prosecutors have until the end of June this year to figure out how all will have access to at least 40 million paper and electronic documents as they prepare for an April 5 trial, estimated to last two months or more.

Prosecutor John Kroger said more allegations could be unearthed "because the grand jury investigation is ongoing." Daniel Cogdell, attorney for former Enron Broadband chief Kenneth Rice, also said the possibility of "superseding" indictments that could add more charges or defendants had been discussed by defense attorneys and prosecutors.

Gilmore said the trial date and dates of prior hearings would change with the filing of a superseding indictment.

-- NYSSCPA.org News Staff

Posted on 05/27/03