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A $70 Million Tab for 24 Years in Jail

This opinion piece by John Mashek at US News (12/18/06) lambastes Jeff Skilling's attorneys for running up a $70 million tab and getting him nothing less than a 24-year sentence.  Mashek writes that Skilling's lawyer, Dan Petrocelli and his firm, O'Melveny Myers, have already been paid $40 million; now they're seeking an additional $30 million that's still outstanding.   The firm seeks $800 an hour for Petrocelli's service, as well as fees for the 12 lawyers, five paralegals and temporary staff to handle the case.   Mashek writes:

There is no question the case was a puzzle of finding accountability at the top of Enron. Still, that bill seems extraordinarily stunning and excessive.

With $30 million outstanding, it's not clear how Skilling will pay for an appeal.  Of course, there's always the option that another white-collar defendant, Jack Abramoff, is using:  pro se defense.

Posted by Carolyn Elefant on December 19, 2006 at 06:11 PM | Permalink | Comments (3)


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