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Arthur Anderson Conviction Overturned

By Jeralyn, Section Court Decisions
Posted on Tue May 31, 2005 at 07:48:00 AM EST
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In a unanimous decision, the Supreme Court today reversed the conviction of accounting giant Arthur Anderson on obstruction of justice charges related to Enron. The reason was flawed jury instructions.

The ruling is a setback for the Bush administration, which made prosecution of white-collar criminals a high priority following accounting scandals at major corporations. After Enron's 2001 collapse, the Justice Department went after Andersen first.

The opinion can be read here. [link via Scotus Blog]

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    Arthur Anderson Conviction Overturned | 4 comments (4 topical)
    Re: Arthur Anderson Conviction Overturned (none / 0) (#1)
    by Talkleft Visitor on Sat Dec 17, 2005 at 12:59:31 PM EST
    "The ruling is a setback for the Bush administration, which made prosecution of white-collar criminals a high priority" Stop, already. My sides are busting. The only 'high' priorities in the Bush administration are cocaine and opium.

    Re: Arthur Anderson Conviction Overturned (none / 0) (#2)
    by Sailor on Sat Dec 17, 2005 at 12:59:31 PM EST
    Yep, the fix was in. did you see the grounds!? "Just because someone destroyed documents, (after the warrants were handed down), doesn't mean they were obstructing justice" PiLA, I ain't laughing.

    Re: Arthur Anderson Conviction Overturned (none / 0) (#3)
    by Peter G on Sat Dec 17, 2005 at 12:59:31 PM EST
    Exonerated after imposition of the death penalty.

    Re: Arthur Anderson Conviction Overturned (none / 0) (#4)
    by Richard Aubrey on Sat Dec 17, 2005 at 12:59:33 PM EST
    AA was not indicted for what would have/did ruin it. The fact is that any publicly-held corporation which had AA as its accountant plus with fat consulting contracts would have been poison to the stock market. No corp could afford to have AA working for it. It would have been the proverbial red flag. Destroying documents--intent or not--is a separate issue from what would have ruined AA in the market.

    Arthur Anderson Conviction Overturned | 4 comments (4 topical)