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September 12, 2006

Olis resentencing update

As noted here, the resentencing hearing for former Dynegy executive Jamie Olis began Tuesday afternoon.  But, as detailed in this AP report, the resentencing is taking quite some time.  Apparently, the Tuesday hearing was devoted to conflicting testimony about loss calculations.  And, according to the AP report, "U.S. District Judge Sim Lake said at the end of nearly five hours of proceedings Tuesday that he would start sorting through the weighty arguments after court adjourns Wednesday.  He did not say when he would issue a ruling."

UPDATE:  The Houston Chronicle has this piece with more details from Tuesday's hearing.

September 12, 2006 at 11:56 PM | Permalink


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