Neither a convicted con artist like Bernard Madoff nor a jailed chief executive like WorldCom Inc.’s Bernard Ebbers will benefit from Thursday’s U.S. Supreme Court ruling that narrowed the federal “honest services” law used by prosecutors to target corporate wrongdoing, lawyers said.
Siding with former Enron Corp. Chief Executive Officer Jeffrey Skilling and ex-Hollinger International Inc. Chairman Conrad Black, the court said a law that makes it a crime to “deprive another of the intangible right to honest services” may be used only in cases involving bribery or kickbacks. The Supreme Court returned their cases to a lower court to determine whether some or all of the charges should be tossed out.
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