Prosecutors Abandon Andersen Retrial

Law360, New York (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...
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