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To: Rte66
The 75M was the money he got from the share sales, however 30M or more of that went to pay for loans he had taken out from Enron, so basically he was just giving back shares to Enron in exchange for debt forgiveness, which nets out to about 40-45M in actual value he realized from the transactions.
405 posted on 07/05/2006 12:51:51 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: wideawake

OK - lol, didn't consider that as payback! It was just the discount between what he used for his "net worth" in borrowing and buying and what the stock was worth by the time it was supposedly paid back.


417 posted on 07/05/2006 1:10:32 PM PDT by Rte66
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To: wideawake

Well, it looks like Linda stands to benefit handsomely from the death. The estate will get back the bond KL posted for the criminal trial - $5 million worth of family property, including one (or more) of his children's home mortgages/deeds.

The $43 million judgment goes away. And one TV legal commentator said that since KL had never given his deposition for the civil trial, or even had the opportunity to plead the 5th Amendment on it, it may be very difficult to prosecute it. (This was from a person who is nearly always pro-defense, so I take it with a grain of salt, but it sounds reasonable on the face of it - and they no longer have the indictment or conviction on all those charges from the now-deleted criminal trial to which they can point in the civil trial.)

Lay's death won't affect Skilling's conviction or sentencing, though, other than he will be in court alone. I noticed they said October 23 was the sentencing date, so I must have missed a motion somewhere - last I recalled, it was supposed to be 9-11-06, which was so symbolic.


426 posted on 07/05/2006 2:23:40 PM PDT by Rte66
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