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)