Max Holmes Deposition-Day No. 1

Please review and let me know if you have any comments.
----- Forwarded by Richard B Sanders/HOU/ECT on 11/28/2000 06:38 AM -----

SHoward@milbank.com
11/28/2000 12:06 AM

To: Richard.B.Sanders@enron.com
cc:
Subject: Max Holmes Deposition-Day No. 1

Richard:

It was another great deposition day for the plaintiffs.? The high point was
an audio taped phone conversation of Max Holmes' calling Stickler a liar.? A
more detailed report is attached.

Frankly, I don't think McDonald and NatWest can let this case go to trial.?
They will almost surely lose, and lose big, and PaineWebber could be drawn in
too.? I think I will make a renewed pitch to Bruce MacLeod (Farallon's lawyer
here this week) to let ECT out.? I will keep you posted.

Steve

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