PracticeAccounting FirmsAndersen jury fails to reach decision

Andersen jury fails to reach decision

The jury in the US government's obstruction of justice case against Andersen has been unable to reach a unanimous decision, forcing the judge in the case to order them to resume deliberations today.

According to reports in today’s Financial Times and US papers the jury has been unable to reach a verdict despite being locked in debate since last Thursday.

‘If the jury is unable to reach a unanimous decision, the Justice Department would be faced with the unenviable choice of retrying the firm or re-engaging in settlement discussions,’ the FT reports.

‘A new trial would likely last as long as the current one, diverting time and resources away from the agency’s core Enron investigation, which was largely on hold while the team was focusing on the Andersen trial.’

Failure to secure a conviction would also be a set back for the US Justice Department, which had hoped to make Andersen its first victory in its six-month-old investigation into the collapse of Enron.

‘Just before 6pm Houston time [on Wednesday], jurors sent US district court judge Melinda Harmon, who has presided over the month-long trial, a note that simply stated: “We are unable to reach a unanimous decision.”,’ the FT reports.

Andersen had faced a single obstruction charge stemming from the mass shredding of Enron-related documents in its Houston office.

Related Articles

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

21h Simon Adcock, HSBC
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

2d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

3w Emma Smith, Managing Editor