Articles by Kristen Hays

Defense Makes Closing Speeches in Enron Trial

  • 18 May 06
  • The Associated Press
The U.S. government bore down on Enron as it would the Mafia, intimidating top lieutenants into pointing fingers at their bosses because someone had to pay for crimes that preceded the company's stunning collapse, said the lawyer for former chief executive Jeffrey Skilling.

Deutsche Last Bank Left in Yugansk Suit

  • 09 February 05
  • The Associated Press
Yukos has dropped all claims against several banks stemming from its bankruptcy case in a U.S. court in Texas, satisfied they did not participate in the government-ordered auction of the company's key production unit nearly two months ago.

Deutsche: Yukos Has No Case

  • 30 December 04
  • The Associated Press
Oil giant Yukos has no Texas ties beyond a few million dollars in bank accounts and a displaced chief financial officer and shouldn't be able to seek bankruptcy protection in Houston, Deutsche Bank said in a court filing Tuesday.

Enron Cleared to Re-Emerge With New Name

  • 19 July 04
  • The Associated Press
More than two years after its spectacular collapse, Enron has won approval to emerge from bankruptcy under a plan in which creditors will receive less than 20 cents on the dollar and the Enron name will forever disappear.

Enron CFO's Wife Goes to Jail

  • 13 July 04
  • The Associated Press
For the next year, home for the real estate and grocery heiress married to Enron's former finance chief will be a 2.4-meter-by-3-meter cell. She will live with a roommate, share a toilet and endure noise that does not stop at lights-out.

Fastow Lawyers Craft New Plea Bargain Try

  • 14 January 04
  • The Associated Press
After a weekend of negotiations, lawyers for the wife of former Enron Corp. finance chief Andrew Fastow tried again Monday to clear a hurdle in a plea deal for their client.

First Shipment of Russian Oil Arrives in Texas

  • 05 July 02
  • The Associated Press
The first shipment of Russian oil directly to the U.S. arrived on Wednesday. U.S. officials hailed the delivery as a step toward reducing dependence on Middle East oil.

Enron Suit Targets Investment Banks

  • 09 April 02
  • The Associated Press
Nine investment banks financed lucrative schemes that helped Enron Corp. maintain its pre-collapse image as a profit powerhouse, according to attorneys who plan to add the banks to a shareholder lawsuit.

Insurers Try to Block Andersen Asset Sales

  • 08 April 02
  • The Associated Press
As Arthur Andersen seeks to raise cash in its fight for survival, a group of insurers who are among the plaintiffs in a lawsuit against Enron is trying to stop the accounting firm selling off its assets.

Layoffs and Bankruptcy Loom After Enron Falls

  • 03 December 01
  • The Associated Press
Former energy trading giant Enron Corp. is playing a waiting game, refraining from public comment even as the market prepared for what could be the largest corporate bankruptcy filing in history.