RegulationCorporate GovernanceNo retrial for Andersen

No retrial for Andersen

No retrial for former Big Five firm over Enron work

Former Big Five firm Andersen will not face a retrial relating to its
infamous ‘shredding’ of Enron documents, bringing to an end the long-running
saga that has left the firm a shadow of its former self.

A filing in the US by prosecutors said it was ‘in the interests of justice
not to re-prosecute Andersen on the pending charge’.

A jury in Houston had convicted the firm in 2002 of obstruction of justice
for destroying documents relating to its audit client Enron. But earlier this
year the decision was quashed by the Supreme Court because the judge had not
specified to the jury that prosecutors had to prove that Andersen knew it was
breaking the law.

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