July 05, 2006
Ken Lay Dies at 64
Posted by Christine Hurt

I hate to interrupt the Workshop, but the Houston Chronicle is reporting that Ken Lay has died from a heart attack in Colorado.

UPDATE:  Peter Henning explains how Lay's death extinguishes the criminal case against him under appeal, preserves his estate against the forfeiture action, and may create a collateral estoppel argument that plaintiffs in the civil case cannot use Lay's conviction as any evidence in the civil case against him.  Wow.  Larry Ribstein also weighs in.

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