Arthur Anderson Conviction Overturned
In a unanimous decision, the Supreme Court today reversed the conviction of accounting giant Arthur Anderson on obstruction of justice charges related to Enron. The reason was flawed jury instructions.
The ruling is a setback for the Bush administration, which made prosecution of white-collar criminals a high priority following accounting scandals at major corporations. After Enron's 2001 collapse, the Justice Department went after Andersen first.
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