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Enron

lawsuits

Enron Class-Action Suit Killed By Supreme Court

Today the U.S. Supreme Court effectively killed off any chance of a $40 billion class-action lawsuit against the investment firms that did business with Enron. The suit charged that the Wall Street firms were complicit in Enron's massive corporate fraud fiasco. The Supreme Court, however, just ruled on a similar case last week and found that "third parties - vendors, contractors and consultants such as banks, accountants or attorneys - can't be sued over corporate fraud unless investors relied on them when making their investing decisions." More »

enron

Anybody Wanna Buy An Enron CEO's Desk?

Desks belonging to Ken Lay and Jeffrey Skilling are up for auction on eBay with the proceeds going to help a Houston-area animal charity. From CNNMoney:
Lay and Skilling, who also served as CEO, were convicted in May 2006 for their role in the accounting fraud that led to the collapse of Enron in 2001. The bankruptcy erased billions in investors' money and wiped out the pensions of thousands of Enron employees.
More »

arlen specter

Corporate-Wrongdoing Rules Eased, Yay!

Remember how Sen. Specter wanted those corporate-wrongdoing rules eased last week? Yesterday, his wish came true. In the wake of the 2003 Worldcom scandals, federal prosecutors received new powers in the form of guidelines written by then deputy attorney general, Larry D. Thompson. More »

enron

Senator Wants Corporate-Wrongdoing Rules Eased

Sen. Arlen Specter wants to ease the guidelines that helped nail Enron and Arthur Anderson. More »

sluts

The News; Enron Curses All Who Penetrate Its Tomb


• Bizzare, inexplicable, random act of violence. [NYT] "Man Tied to Enron Case Found Dead in London Park"
• They don't call fashion superficial for nothing. [LAT] "Illusions on Sale in Shanghai"
• In the future, you can have any cellphone company you like, as long as it's black. [LAT] "AT&T, Verizon Mergers Face Competition Concerns"
• "Ken Lay was neither black nor poor, but he was a victim of a lynching." Yeah, and Pol Pot was a civil rights activist. [CT] "Dignitaries Turn Out To Memorialize Man Who Founded Enron"
• A day after McDonald's pulls theirs, Wendy's announces plan to offer an even spicier chicken sandwich than ever before. Sluts. [CT] "Wendy's spices up chicken sandwich"
• Personally, we're a slut for love. [NYT] "The Taming of the Slur"

complaints

The News

• You know "Anarchy goes better with Coke," is the headline they really wanted. [NYT] "Even Statelessness Goes Better With Coke. Or Does It?"
• Hardly what you would call a splintered ruler. [LAT] "AT&T to Pay $550,000 to Settle Privacy Cases"
• Every swipe buys another bullet for Chairman Mao! [NYT] "Borrowing Rises as Credit Card Use Jump"
• Boring complainers elicit smaller sympathies, study we just made up shows. [NYT] "They Sure Beat the Airlines, but Hotels Could Still..."
• There's danger beyond the mere ignominy of driving a focus-group tested toaster oven. [CT] "Scion 'moonroofs' subject of safety probe"
• If you can't have Lay, there's always other chips to go with the fish. [CT] "Enron-related case means test for new treaty"

top

All The News That's Fit To Self-Immolate


• Grocers hate it when their loss leaders have no followers. [NYT] "Sale Shoppers Annoy Grocers as They Save"
• Burning smell noticed by large newspaper. [NYT] "Dell's Exploding Computer and Other Image Problems"
• People noticing distinctive fish smell from Lay's coffin are noticed by large newspaper. [NYT] "A Sense of Something Rotten in Aspen"
• 100 years after its first publication, does The Jungle suffer from misleading packagaing? Perhaps a lack of oxygen to make it look more Red? [Slate] "Welcome to The Jungle"
• It's like that children's game, would you rather have your hip disintegrate, or your jaw? [CT] "Lawyers gear up to attack Fosamax"

top

Ken Lay Predicted His Own Death

The official Ken Lay info page, besides being a prime example of Web 1.0 brochureware, has a letter to visitors penned shortly after the trial's conclusion. In it, he expresses surprise and shock (twice) at the outcome, some blah blah blah, and then, his belief that this is all part of God's plan. In light of Ken's recent "demise," the concluding paragraph runs rife with irony and foreboding. More »

top

We Demand Kenny Boy's Blood

So, it seems that some people don't think Ken Lay is actually dead. More »

top

The News; Bury My Lump of Coal Under the Old Apple Tree

• Saying it was due to a broken heart would require he had one in the first place. [NYT] "Kenneth L. Lay, Ex-Chairman of Enron, Dies"
• Half speculative litigation, half, "why don't you just stop making shit that disintegrates people's jaws?" [LAT] "Another Merck Drug Is Under Legal Attack"
• If you have a box containing thousands of your co-worker's social security numbers, it's increasingly becoming a bad idea to bring it home. [LAT] "Employees Sue Railroad Over Social Security Number Theft"
• BP oil contains black soylent green. [CT] "Jackson Leads Anti-BP March Near Refinery"

top

The News; Impotent Indignation

• The street price of Cialis is on the rise. "Drug Prices Up Sharply This Year" [NYT] [pic]
• Egalitarianism has left the airport. "Southwest to Try Seat Assignments" [NYT]
• Because pedophiles find it so hard to lie about their age online. "MySpace to Add Restrictions to Protect Younger Teenagers" [NYT]
• Son of Enron aborted. "Accounting Industry Loses Bid to Relax Rule"[LAT]
• For the Second Coming, Jesus should overturn the Cingular phone dealer's tables. "Court Upholds Fine of Cingular" [LAT]
The news is not that a data breach at VISA had a data breach that caused consumer's debit cards to get stolen, it's that they're actually finally formally announcing it. "Visa Says ATM Breach May Have Exposed Data" [CT]

the news

The News: All The Fat That's Fit To Print


Ken Lay: "This is not the outcome we paid for expected." [LAT]
• McDonald's milkshake foams at the mouth over mounting outcry, plans to fight criticism over deceptive marketing with stronger, even more deceptive marketing. [Tribune]
• Flames burns brightly in the eyes of devoted Weber Grill fans. [LAT]
• FCC to examine TV station's use of PR reels as news. Due to backlog, the first questionable story to be looked is one touting the benefits of "Agent Orange Juice." [LAT]
• Hasbro cancels plans for line of racy dolls based around 'Pussycat Dolls,' switches focus to My First Little Lolita rollout. [NYT]

enron

Enron Chiefs Found Guilty of Being Enron

Kenneth L. Lay and Jeffrey K. Skilling were convicted today on charges of fraud and conspiracy. More »

poll

Worst Company in America: Tier 1 Results

Ladies and Gentlemen, your Tier 1 champions! Some no-brainers, squeakers and absolute pummeling. More »

enron

Round 8: Enron vs. U.S. Government

The moment you've all been waiting for. Ladies and Gentlemen, we present the clash of the titans. More »