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Enron Mail |
Richard:
Kathy Patrick began Nolan's deposition today.? It was Nolan's first deposition and he seemed a little uncomfortable.? Nolan was overly cautious and at times evasive.? The highlights of the day were as follows: --Nolan did not see the offering memo until he reviewed it on the way to Thailand in April '98.? Nolan was not privy to any discussions or road show presentations regarding the Notes prior to the closing (When Nolan was confronted with communications between himself and Serge Deslise of NSM in Jan. '98, he claimed he could not recollect why he would be communicating with NSM prior to the closing). --When Nolan arrived in Thailand, he found a mill that appeared to be state of the art, but lacked raw materials and funds to produce steel. --Nolan soon found that the Mill had serious engineering and management problems. --NSM had no financial controls until Aug. 98 when Stickler instituted a policy of requiring two signatures on disbursements. Kathy spent a good deal of the day on an e-mail "situation report" sent by Nolan to Busse in May '98 discussing numerous problems with the Electric Arc Furnace, the Degasser and other parts of the mill. Enron/ECT came up during the early portion of the deposition.? Patrick asked Nolan if he recalls discussing any aspect of the Mill with Brian Barth.? Nolan said he could not recall.? Patrick then asked him if he thought? Barth was an honest and competent person.? Nolan answered affirmatively.? It appears that Kathy is trying to lay the foundation for information she received from Brain during her interview. If Kathy continues focusing on Brian, however, it may begin to appear quite obvious to the other defendants that she has received information from Brian.? This e-mail message may contain legally privileged and/or confidential information. If you are not the intended recipient(s), or the employee or agent responsible for delivery of this message to the intended recipient(s), you are hereby notified that any dissemination, distribution or copying of this e-mail message is strictly prohibited. If you have received this message in error, please immediately notify the sender and delete this e-mail message from your computer.
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