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mikelewis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 01:14 AM
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Court Overturns Arthur Andersen Conviction - Seems the Jury, well...
... it seems the "jury instructions were too broad." See, the court neglected to instruct the jurors on proper court procedings. Appearantly, wires got all crossed when they surprisingly ruled guilty, a charge seldom seen in these types of procedings. So the Supreme Court, the same people who brought you Bush V. Gore - just let Arthur Andersen use the Monopoly "get out of jail free" card dealt to him by the President in his back pocket. Isn't it delicious?


http://news.yahoo.com/s/ap/20050531/ap_on_go_su_co/scotus_arthur_andersen
WASHINGTON - The Supreme Court threw out the conviction of the Arthur Andersen accounting firm for destroying Enron Corp.-related documents, ruling unanimously Tuesday that the jury instructions were too broad.

The decision was a defeat for the Bush administration, which had declared prosecution of white-collar criminals a high priority following accounting scandals at major corporations. But it offered only symbolic relief for Andersen, the company whose 2002 conviction put 28,000 employees out of work and left it virtually defunct.

"We pursued an appeal of this case not because we believed Arthur Andersen could be restored to its previous position, but because we had an obligation to set the record straight," Andersen spokesman Patrick Dorton said. "We are very pleased with the Supreme Court's decision."


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Rabrrrrrr Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 01:18 AM
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1. Hey, what's 28000 jobs or a few billion for S&L bailout
or a few tens of thousands 401(k)s destroyed, so long as gay marriage is stopped?
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HawkerHurricane Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 01:19 AM
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2. "Too Broad"...
"You see, the instructions should have been narrower... you know, they should have told the jury that they couldn't find them guilty."
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LuPeRcALiO Donating Member (587 posts) Send PM | Profile | Ignore Wed Jun-01-05 01:24 AM
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3. "The decision was a defeat for the Bush administration"
and I'm Pancho Villa.
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mikelewis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 01:25 AM
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4. But it's a loss for Bush! Isn't that good news?
The decision was a defeat for the Bush administration, which had declared prosecution of white-collar criminals a high priority following accounting scandals at major corporations."

Dammit, the President screwed up again. He couldn't deliver on one Campaign promise. I mean we shackled Martha Stewart but these villians slipped away. Score 1 win; 1 lose. Poor Bush must feel so upset about this. And you know, since his misery is my happiness, I won't remember anything about the Enron Scandal and how the President is dirty in thier hornswaggle. Just slipped my little ole mind it did.
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LuPeRcALiO Donating Member (587 posts) Send PM | Profile | Ignore Wed Jun-01-05 01:26 AM
Response to Reply #4
6. word
:toast:
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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 01:26 AM
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5. Being that it was a unanimous decision
I assume they were legally correct in overturning the decision.

Ginsberg has her head on pretty straight.
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mikelewis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 01:41 AM
Response to Reply #5
7. They were shredding documents to hide billions of dollars Enron lied about
having so their managment could keep making thier huge dividends. They took most of the proof and chopped it into millions of pieces of confetti. No matter how legally correct they may be, it certainly appears unseemly.
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