Kenneth Lay, the deceased chief executive officer of Enron Corp., defeated the Internal Revenue Service in the agency’s bid to collect $3.9 million from his estate and his wife, the U.S. Tax Court ruled.
Former White House Counsel Kathryn Ruemmler will rejoin Latham & Watkins LLP as a partner in the litigation department and as a member of the white-collar defense and investigations practice group. She will be resident in Washington and intends to expand her practice to New York, the firm said.
The U.S. Supreme Court revisited the 2001 Enron Corp. collapse as the justices debated whether a federal law protects whistle-blowers working for auditors, law firms and other advisers to publicly traded companies.
Defunct Enron Corp.’s creditors have received $21.8 billion in cash and stock so far, with money from lawsuits and settlements helping to give general unsecured creditors a payback three times higher than the estate had projected, a report shows.
The U.S. Supreme Court revisited the Enron Corp. collapse as the justices debated whether whistle- blower protections in a 2002 law cover employees of auditors, law firms and other advisers to publicly traded companies.