Former Enron executive Jeffrey Skilling to testify
By Scott Files
Published on April 06, 2006
Many believe that the move will shift the jury's mindset from the prosecution's evidence to the defendant's personalities. The outcome of this perception could play a big role in the case which contends that Skilling and Lay were largely responsible for the plummet of Enron's market value from a high of $68 Billion to a declaration of bankruptcy in December of 2001.
Former employees of Enron have previously testified that Skilling and Lay lied to investors and analysts about the company's future prospects while continuing to sell their own shares in the company.
Kenneth Lay is scheduled to take the stand following Mr. Skilling in the 4-week trial that is taking place in a Houston Federal Court.
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