Enron Broadband Trial Delayed - Multichannel

Enron Broadband Trial Delayed

Author:
Publish date:

The trial of seven former executives of Enron Corp.’s Enron Broadband Services has been postponed until Oct. 1, AP reported Monday.

The trial was originally scheduled to begin April 5.

Attorneys told U.S. District Judge Vanessa Gilmore that they wouldn't be finished reviewing some 20 million pages pertinent to the case until next summer, so she rescheduled the trial, AP said.

The case involves three distinct alleged conspiracies regarding overstatement of capabilities of the company's broadband unit, accounting fraud and efforts to hype broadband to analysts in January 2001 in order to help inflate Enron's stock price.

All seven former executives have pleaded innocent and are free on bond, AP added.

Related