“The U.S. Supreme Court's decision to overturn the conviction of the now-defunct Arthur Andersen LLP brought euphoria to some, but it was little comfort to the many people who lost their jobs when the accounting firm it sank.”
“It's too little, too late,” Jonathan Goldsmith, a former consultant at Andersen's Chicago headquarters, said Tuesday. “So many lives have been turned upside down. People have lost their jobs. People have had to leave their homes and uproot and take their families and take them somewhere else.”
“The 28,000 who worked for the company's American arm knew that Andersen's appeal to the Supreme Court would not resurrect the business. Andersen had already lost customers, workers and its reputation when the company went to be tried in 2002 on charges of destroying documents related to Enron Corp. to thwart investigators investigating the energy company.”
“Still, Rusty Hardin, the Houston attorney who led Andersen's defense team, was pleased that the judges determined that U.S. District Judge Melinda Harmon's instructions were too vague because the jurors could properly determine whether Andersen committed a crime.”
Vagueness is the same method Merchan used to control assets in the Trump trial.
“The lead prosecutors in the Andersen trial, Andrew Weissmann and Sam Buell, declined to comment. Weissmann heads the Justice Department's Enron task force, while Buell left the task force more than a year ago and now teaches law at the University of Houston.”
“It was the indictment that killed Andersen, not the conviction,” Weinstein said. “Today's decision certainly won't bring Andersen back, but I think what it does do is help set the record straight and really clear the names of the 28,000 innocent people who lost their jobs.”
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