Government to Re-Try Merrill Lynch Execs on Enron Related Charges

Federal prosecutors in Houston will re-persecute prosecute three Merrill Lynch executives on charges arising out of the so-called”Nigerian barge” deal, the Associated Press reported this week. The Fifth Circuit Court of appeals had reversed convictions on most of the counts against the three investment bankers. Lawyers for the defendants have apparently engaged in discussions with prosecutors on a possible plea deal, to no avail. The re-trial is scheduled to start next January 28th. The government’s Enron jihad thus persists, unabated.