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16 Jun 2005, 12:19 pm
The apology is part of an effort by KPMG to avoid the type of criminal prosecution that seriously damaged rival firm Arthur Andersen. [read post]
31 May 2005, 10:34 am
[JURIST] The US Supreme Court Tuesday overturned the conviction of the Arthur Andersen accounting firm for destroying documents related to the Enron collapse, citing faulty jury instructions. [read post]
25 Apr 2005, 12:29 pm
[JURIST] Arthur Andersen [Wikipedia entry], the former accounting giant which lost its licenses in the Enron collapse, announced a settlement on Monday with WorldCom investors who had accused the firm of violating securities laws and failing to protect them from WorldCom's $11 billion accounting fraud. [read post]
16 Mar 2005, 8:27 am
The plaintiffs, WorldCom investors, have now settled with all defendants named in the amended complaint [PDF text], except auditor Arthur Andersen and former WorldCom [read post]
7 Jan 2005, 6:34 am
Andersen was convicted by a federal jury in June 2002 and was sentenced to a $500,000 fine and five years probation. [read post]
26 Jan 2004, 3:13 pm
Reuters: "A court-appointed examiner investigating MCI said on Monday the bankrupt telephone company can sue former Chief Executive Bernie Ebbers and other top executives should it seek reparations for their roles in its $11 [read post]
