Accounting firm Arthur Andersen’s conviction for obstructing justice was overturned by the United States Supreme Court yesterday. The firm was convicted for destroying documents related to Enron before it collapsed.
Arthur Andersen Conviction Overturned By Supreme Court
Today, the United States Supreme Court overturned the conviction of accounting firm Arthur Andersen for destroying documents related to Enron before the company’s demise.
Too Little Too Late: Arthur Andersen Conviction Overturned
The Supreme Court of the United States (SCOTUS) overturned the 2002 obstruction-of-justice charge against the one-time accounting juggernaut Arthur Andersen. The once proud firm got caught up in the Enron scandal as their accounting firm and after the 2002 ruling, fell apart at the seams.