Second Peregrine Fraud Case Ends In Mistrial

Law360, New York (March 21, 2008, 12:00 AM EDT) -- A case involving a former Arthur Andersen LLP auditor accused of participating in fraud at formerly high-flying Peregrine Systems Inc. has ended in a hung jury for the second time, in a verdict that is likely to have a significant impact on post-Enron collusion cases.

A jury in the U.S. District Court for the Southern District of California told Judge Thomas Whelan on March 20 that they could not reach a verdict in the trial of former Peregrine account manager Patrick Towle and former Arthur Andersen...
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