Law360 (November 23, 2005, 12:00 AM EST) -- Three years after Arthur Andersen LLP’s conviction for its role in the Enron Inc. accounting scandal, the Justice Department has decided to abandon its prosecution of the now near-defunct accounting firm.
"The government has determined that it is in the interests of justice not to re-prosecute Andersen," federal prosecutors wrote in a four-page motion filed with the U.S. Court of Appeals for the 5th Circuit.
A spokesman for the Justice Department said Andersen’s near-defunct status played an important role in the government’s decision.
The announcement came...
Prosecutors Abandon Andersen Retrial
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
