BusinessCompany NewsAndersen conviction up for review

Andersen conviction up for review

The US Supreme Court has agreed to reconsider its 2002 obstruction of justice conviction of Arthur Andersen for destroying documents linked to the accounting firm's controversial audit of energy company Enron.

Link: Ex-Andersen staff launch fraud hotline

The Supreme Court will review last year’s appeals court ruling upholding the conviction after Andersen argued that the judge at the initial hearing had instructed the jury improperly, according to reports in The Guardian.

A favourable ruling will not rescue Andersen, where a quota of 85,000 staff has been reduced 200 lawyers and support employees, but could assist the firm’s former partners in fighting numerous civil lawsuits.

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