The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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Previous Posts
10/18/2006
Ken Lay Un-Convicted...
Yes, yes... Mr. Lay is deceased and would not be able to avail himself of the full appeals process guaranteed under law. In erasing Lay's conviction, Judge Sim Lake cited a a 5th US Circuit Court of Appeals ruling from 2004 in which a defendant's death pending appeal invalidated his entire case because he had not had a full opportunity to challenge the conviction. But jeez... Is this the kind of outcome we want:
"Regulators at the Securities and Exchange Commission still may pursue their civil case against Lay's estate, but their task will be more difficult because they can no longer introduce the fact of his conviction and instead must prove again, in a resource-intensive trial, that he broke the law. The SEC case has been stayed pending resolution of the status of Lay's criminal conviction. The agency's five commissioners must decide in the weeks to come whether to proceed against Lay's estate."
Criminy! The law is a cruel mistress!

Read more
here, via The Washington Post.

-- MDT
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all content © Michael D. Thomas 2010