PracticeAccounting FirmsAndersen ‘confident’ despite rejected offer

Andersen 'confident' despite rejected offer

Andersen has today issued a statement following the revelation the firm's US arm had a $260m damages settlement offer rejected by Enron shareholders.

The surprise offer, which came despite no charges having been brought against Andersen, was made by the firm yesterday.

The firm, said: ‘Reaching out to the groups affected in this case is consistent with our commitment to address the issues raised by Enron’s collapse in a straightforward and constructive manner. We think it is in the best interests of all parties to deal expeditiously and responsibly with what has occurred.’

It added: ‘We remain confident that we can work through this successfully, and we want to focus our attention on taking the steps and making the reforms needed to strengthen our firm, the accounting profession and the capital market system.’

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