Reuters: Bankruptcy News: Former Enron CEO Skilling to have prison term shortened

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Former Enron CEO Skilling to have prison term shortened May 8th 2013, 18:25 Wed May 8, 2013 2:25pm EDT May 8 (Reuters) - Jeffrey Skilling, the former Enron Corp chief executive, has reached an agreement with federal prosecutors that could result in his 24-year prison term over the energy company's spectacular collapse being shortened by roughly a decade. According to court papers on Wednesday, the government and Skilling have agreed to recommend that Skilling be resentenced at a June 21 hearing to a term of 14 to 17-1/2 years, a period that could be shortened for good behavior. Skilling has already served more than 6-1/4 years in prison following his May 2006 conviction by a Houston federal jury on 19 counts of securities fraud, conspiracy, insider trading and lying to auditors. (Reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick)

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