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Declaration Of Helen J. Hodges In Support Of Lead Counsel's ...

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information to either support or defend against the allegations contained in the numerous complaints<br />

and answers filed in the Enron litigation.<br />

2. The Parties Establish a Document Depository for the Exchange<br />

of <strong>In</strong>formation<br />

118. <strong>Lead</strong> Counsel spearheaded efforts to establish a “document depository” to allow for<br />

the uniform production of documents and electronic evidence used in all Enron-related proceedings.<br />

The document depository minimized duplication of production efforts, significantly reduced the<br />

aggregate costs of producing and maintaining documents, and permitted a centralized, uniform<br />

method for identifying documents used during the litigation, including fact witness depositions,<br />

expert depositions and summary judgment.<br />

119. The document depository order was signed by the Court on October 30, 2002, and<br />

also was signed by the parties to the litigation (Docket No. 1116). <strong>In</strong> addition to governing the<br />

orderly flow of documentary and electronic information to the depository, the order also allocated<br />

costs among the parties, contained provisions for production and access by third parties, provided for<br />

the creation of privilege logs, and established production and retention dates to be followed by all<br />

parties.<br />

3. <strong>Lead</strong> Counsel Compels Enron Executives to Produce<br />

Particularized Discovery Concerning Financial Conflicts<br />

120. During the discovery phase <strong>Lead</strong> Counsel pursued evidence from Enron’s Board and<br />

high-level executives. The evidence included personal financial information showing financial<br />

conflicts of interest, profiteering and personal communications outside the office. <strong>Lead</strong> Plaintiff<br />

demanded the production of particularized information concerning the executives’ and Board<br />

members’ personnel files, along with evidence concerning insider trading, business and financial<br />

conflicts, and similar information showing the Board’s objectivity was compromised.<br />

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