Court Overturns Arthur Andersen Conviction

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008678-court-overturns-arthur-andersen-convictio/

By Hope Yen, Associated Press Writer

WASHINGTON – The Supreme Court threw out the conviction of the Arthur Andersen accounting firm for destroying Enron Corp.-related documents, ruling unanimously Tuesday that the jury instructions were too broad.

The decision was a defeat for the Bush administration, which had declared prosecution of white-collar criminals a high priority following accounting scandals at major corporations. But it offered only symbolic relief for Andersen, the company whose 2002 conviction put 28,000 employees out of work and left it virtually defunct.

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Court Overturns Arthur Andersen Conviction

Unknown Author

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