America likes nothing better than to root for the underdog who overcomes great odds to achieve success. The defense mounted by former Enron CEOs Ken Lay and Jeffrey Skilling to the conspiracy and securities fraud charges filed against them for their role in the company's collapse in 2001 had all the hallmarks of the underdog story. But the problem with calling these two defendants as witnesses was that their underdog story had a few holes in it, says commentator Peter J. Henning.
Enron Case Showed the Limitations of the Underdog Defense
Special to Law.com
June 7, 2006