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 some experts said is unlikely to significantly change his 24-year prison sentence.

Lyondell Chemical Files for Bankruptcy in New York With $19.4 Billion Debt Lyondell Chemical Co. and other U.S. affiliates of LyondellBasell Industries AF SCA, one of the world’s largest closely held chemical producers, filed for bankruptcy in New York citing waning demand for their products.

Madoff Victims May Start Getting Cash Within 2 Months, SIPC's Harbeck Says Investors who lost money in Bernard Madoff’s alleged $50 billion fraud might begin recovering some of their funds as soon as next month, Securities Investor Protection Corp. President Stephen Harbeck said.

Dreier Hearing Is Postponed as Defense Prepares Request for Bail Release Marc Dreier, the law firm founder accused of cheating hedge funds out of $100 million, is preparing a new bid to be released from jail, his lawyer said.

Burris, Barred From U.S. Senate, Urges Illinois Court to Resolve Impasse Roland Burris, who was appointed by Illinois’s governor to replace President-elect Barack Obama as U.S. Senator, asked the state’s top court to quickly resolve an impasse that led the Senate to bar him from taking the seat.

California Sues Hong Kong Shipper Fleet Over 2007 San Francisco Oil Spill Noble Group Ltd.’s shipping unit was sued by California over environmental damage caused by the 53,000 gallons of fuel oil that spilled from the company’s container ship into the San Francisco Bay.

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