Skilling to Testify Soon

By: Associated Press
By: Associated Press

Defense attorneys say they plan to call two more witnesses before they call former Enron Chief Executive Jeffrey Skilling to the witness stand.

Skilling is to testify in his own defense at the federal fraud and conspiracy trial of himself and Enron founder Kenneth Lay.

Prosecutors have said Skilling gave the go-ahead for partnerships run by former Enron finance chief Andrew Fastow to buy poorly performing assets and investments. Prosecutors say Skilling and Fastow schemed to hide those from Enron's balance sheet.

Today, former Enron general counsel James Derrick and attorney Max Hendrick the third are to testify. Hendrick was a partner at the Houston law firm Vinson and Elkins, Enron's former outside law firm. Both are expected to address an internal investigation into concerns raised to Lay by former Enron executive Sherron Watkins in August 2001. Watkins warned that accounting tricks could undercut the company.

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