January 23, 2009
cdcbaa Newsletter No. 6
The Central District Consumer Bankruptcy Attorneys Assn in California has completed its first newsletter of the new year. You can access it here.
January 22, 2009
One LA IAF Citizens Group Meeting in San Fernando Valley this Sunday
I received this flyer from one of the Los Angeles Judges today. According to her, "apparently it's a community gathering intended to lobby for, among other things, workable loan modification programs." I think I will go to the meeting and report on it on Monday. The flyer can be accessed here.
I don't know anything about this group. Its website is at http://onela-iaf.org/.
January 21, 2009
Enron Chief Jeff Skilling's Conviction Upheld
The 5th Circuit has upheld Skilling's conviction but instructed the district court to re-compute the sentence. Skilling has asked for a en banc hearing. The 104 page opinion can be accessed here.
From the Opinion:
"Under the 2000 Sentencing Guidelines, Skilling had a base offense level of 6, which the district court subsequently enhanced to 40. With a criminal history category of I, that yielded a sentencing range under the Guidelines of 292 to 365 months’ imprisonment. Skilling objected to some of the enhancements at sentencing. The court rejected those objections and sentenced Skilling at the bottom of the advisory range, or 292 months."
One of the enhancements was for obstruction of justice re his sale of Enron securities for his own account. One was a "four-level enhancement for substantially jeopardizing the safety and soundness of a 'financial institution.'" The court of appeals remanded for a further determination of whether there was a "financial institution," so this enhancement may go down a little.
January 18, 2009
University of Chicago - Great Class on Bailouts
Three professors at the University of Chicago Law School are putting together a class for Winter 2009 called simply "Bailouts." Profs. Baird, Henderson and Picker. The draft syllabus can be accessed here. The syllabus contains links to many of the documents they are assigning for reading. Where do I sign up?