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The sky-high cost of Skilling's defense

BusinessWeek
Monday, October 23, 2006

by Christopher Palmeri

© Copyright 2006 The McGraw-Hill Companies Inc.

Former Enron Chief Executive Jeffrey Skilling is due to be sentenced on Oct. 23. Judge Simeon Lake III is widely expected to hand down a stiff prison term, 20 years or more for the 19 counts of conspiracy, fraud, filing of false statements, and insider trading on which he was convicted. But there's another decision Judge Lake has to make, one that's been the subject of a bitter battle between the Justice Dept. and Skilling's attorney, Daniel Petrocelli. ...

"There's certainly a philosophy that says you need to ask for every nickel you can justify, because you are going to get cut back," says John Toothman, founder of Devil's Advocate, a legal-bill consulting firm.

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