Former Enron Corp. Chairman Ken Lay on Tuesday asked a judge to force federal regulators to either live without 870 pages of documents he has or accept them on Lay's terms.
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The SEC has argued the records are corporate documents and because corporations have no right against self-incrimination, Lay must hand them over. The SEC said if there's anything in there that hurts Lay, they can use it against him.
Lay argues the records at issue are personal and he has the right to assert his Fifth Amendment protection against self-incrimination and not turn them over. His lawyers say Lay would in effect be giving testimony that may be used against him.
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