Law

Former Enron CEO Jeff Skilling's Conviction Upheld; Resentencing Ordered A U.S. appeals court upheld ex-Enron Corp. Chief Executive Officer Jeffrey Skilling’s fraud conviction while ordering him resentenced due to a procedural mistake, a decision experts said is unlikely to significantly change his 24-year prison sentence.

Iceland's Glitnir Wins U.S. Bankruptcy Protection; Shielded From Lawsuits Glitnir Bank hf, the 104-year-old Icelandic bank taken over by financial regulators, won U.S. bankruptcy protection, shielding it from lawsuits while it reorganizes in Reykjavik.

Bernard Madoff's Sons Told Prosecutors of Jewelry Transfer, Lawyer Says The sons of Bernard Madoff, who is accused of running a $50 billion Ponzi scheme, told prosecutors last week their father violated a court-ordered asset freeze by mailing them jewelry, watches and other items, his lawyer said.

British Regulator May Extend Short-Sale Disclosure Rule to All U.K. Stocks Britain’s financial regulator said it may force investors to disclose short positions on all 3,489 shares traded on U.K. exchanges, a day after it dropped a ban that protected 34 financial companies from short-sellers.

Madoff Investor Suing Over $10 Million 11th-Hour Transfer May Wait Months The family that gave Bernard Madoff $10 million six days before he was charged with running a $50 billion Ponzi scheme may have to wait months before a judge considers its lawsuit to recover the money.

NYU Wins Extended Court Order Against Merkin Over $24 Million Madoff Loss New York University won a court order extending a temporary ban preventing J. Ezra Merkin from transferring millions of dollars of the university’s funds related to investments with Bernard Madoff.

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