Supreme Court rejects appeal in Enron-related case

Apr 23, 2012, 2:17 PM

WASHINGTON (AP) – The Supreme Court has turned away an appeal from a former Merrill Lynch executive who was convicted on perjury and obstruction charges that stemmed from a bogus 1999 deal involving Enron.

The justices did not comment Monday in leaving in place a federal appeals court ruling that upheld the conviction of James A. Brown. He argued that federal prosecutors improperly withheld favorable evidence in his case.

The charges centered on Enron Corp.’s sham 1999 sale to Merrill Lynch of three power barges moored off the Nigerian coast. Brown was a managing director at Merrill Lynch and head of its strategic asset and lease finance group at the time.

The case is Brown v. U.S., 11-783.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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Supreme Court rejects appeal in Enron-related case