Ex-Enron exec free of charges after ruling

October 20, 2009 11:10:42 AM PDT
An appeals court has ruled a former Enron Corp. executive should be acquitted of all the charges he faced related to financial fraud at the one-time energy giant. The 5th U.S. Circuit Court of Appeals in New Orleans said it would not revisit the case of F. Scott Yeager, a former executive at Enron's failed broadband venture.

In its ruling Monday, the appeals court sent the case back to a federal court in Houston and ordered it to enter acquittals on all counts Yeager faced.

The ruling comes after the Supreme Court in June threw out a lower court ruling that would have allowed a retrial on charges for which a jury could not reach a verdict at Yeager's 2005 trial.

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