It is essentially a substantial, but not a complete victory for the government, ... The critical factor is that the Judge finds that Mr. Jett acted with an intent to defraud.
More Quotes from John Coffee:
One thing prosecutors can expect to get from Causey is testimony that he met with Ken Lay during that period and made him aware of how deep the plight was at Enron. By the time of Lay's return, Enron was almost like the Titanic after it hit the iceberg.John Coffee
This has worked out to benefit the NYSE, but totally by chance.
John Coffee
There has to be something that we don't know. To simply explain that they're doing this to avoid litigation assumes that they'd be willing to throw money down a rat hole.
John Coffee
This means that they can win some of these cases, but they can also lose some, ... But there will be thousands of them the plaintiffs' bar will be willing to try.
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The prosecutors saw the problem they were having in Arthur Anderson and so they got Congress to pass a much simpler statute.
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A simple overhearing of information in an elevator, if that's what really happened, doesn't amount to a deceptive misappropriation.
John Coffee
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