Civil case
Securities and Exchange Commission v. Richard A. Causey, Jeffrey K. Skilling and Kenneth L. Lay
- Authority
- US Securities and Exchange Commission, US District Court for the Southern District of Texas
- Case number
- Not published
- Filed or opened
- 8 July 2004
- Organization
- Enron Corporation
- Current stage
- Civil allegations against Lay never adjudicated to a finding against him before his death on 5 July 2006S6.
- Outcome
- No final SEC judgment against Lay confirmed. Allegations unresolved as against him.
Decisions and steps
- SEC charges Lay with fraud and insider tradingS6
Claims this case bears on
- Unresolved67The SEC said on 8 July 2004 that Kenneth Lay took part in a scheme to defraud and sold more than US$90 million of Enron stock on inside information.Regulator statement, 8 July 20041 record citedDisclosure
Sources
- S6Tier A SEC Charges Kenneth L. Lay, Enron's Former Chairman and Chief Executive Officer, with Fraud and Insider TradingUS Securities and Exchange Commission. Regulator press release. 8 July 2004.Supports the SEC civil charges against Lay and the alleged stock sales over $90 million. These are allegations, not findings.