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Latest Business News

Enron Broadband Jury Yet to Reach Verdict

Thursday, May 25, 2006 1:25:35 AM
By KRISTEN HAYS

Former Enron broadband unit in-house accountant Michael Krautz  leaves the courthouse for lunch Tuesday, May 23, 2006 in Houston. Krautz and former Broadband unit finance chief Kevin Howard are awaiting a jury's verdict on whether they conspired to break accounting rules so the energy giant could book bogus earnings. (AP Photo/Pat Sullivan)HOUSTON (AP) - Jurors in the retrial of two former executives from Enron Corp.'s defunct broadband unit have yet to reach a verdict, the same as another federal panel deliberating the fates of their former bosses, company founder Kenneth Lay and one-time CEO Jeffrey Skilling.

The jury in the broadband case finished about 16.5 hours of talks over more than two days Wednesday, and was slated to continue deliberating Thursday. The case involves fraud and conspiracy charges against the unit's former finance chief Kevin Howard and in-house accountant Michael Krautz.

The Lay-Skilling jury finished a fifth day of deliberations Wednesday in the fraud and conspiracy case against the former corporate titans, and also is slated to return Thursday.


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