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Wilmer, Cutler & Pickering was paid more than $3 million to write a memo to its client. Not just any client, of course, but Enron. It was what's become known as the Powers report. The report, pored over by thousands of lawyers, accountants, politicians, investors and journalists since it was released on Feb. 1, describes the accounting gymnastics and corporate governance lapses that left Enron in freefall.
April 02, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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