Jeffrey Skilling

Developing ... Jeff Skilling to be Resentenced

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The 5th Circuit has upheld the convictions of former Enron CEO Jeff Skilling, but they have determined that he should be resentenced. The AP reports:

A three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans on Tuesday denied Skilling’s request that his convictions be overturned because they were based on an incorrect legal theory.

We don’t have our hands on the 105-page opinion, but apparently Skilling’s argument that Enron was just ahead of the curve on the whole global financial crisis thing wasn’t enough to overturn his convictions.

Jeff Skilling To Run Free? [Dealbreaker]

Skilling convictions upheld, resentencing ordered [AP]

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