Enron-Merrill trial delayed again


August 11, 2004

HOUSTON (Reuters) - A U.S. federal judge has again delayed the start of the first criminal trial involving Enron Corp. employees, to allow the defendants another month to prepare, a court official said on Wednesday.

U.S. District Judge Ewing Werlein ruled this week that the case involving Enron's allegedly bogus 1999 sale of power-generating barges in Nigeria to Merrill Lynch will begin on Sept. 20 instead of Aug. 18.

The trial postponement was the third so far.

Prosecutors, who say the barge sale was done solely to boost Enron profit figures to meet year-end targets, had filed a superseding indictment in June, adding charges of wire fraud to existing counts of conspiracy to commit wire fraud and falsifying books and records. That prompted defense lawyers to ask the court for additional time.

Defendants are former Enron executives Dan Boyle and Sheila Kahanek and former Merrill Lynch bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown.

 

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