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 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.
Former Enron Corp. Chief executive Officer Jeffrey Skilling is set to appear in court to learn how much longer he’ll stay in prison for spearheading the fraud that destroyed the world’s largest energy trader.
The Dodd-Frank financial regulation law may require the federal government to spend almost $1 billion and hire or transfer more than 2,000 employees in the months ahead, according to the Government Accountability Office.