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How did the Enron scandal affect Arthur Andersen?

Eventually Enron cost employees and investors billions of dollars after the company was exposed and forced to go into bankruptcy. But what made the Enron scandal so compelling was the fact that it brought down accounting giant Arthur Andersen too.

Did Arthur Andersen obstruct Enron's investigation?

Others cherish their memories of working there. In 2002, Arthur Andersen was convicted by a Houston jury of obstructing the government’s investigation into Enron and stopped auditing public companies on Aug. 31 of that year. Photo: Carolyn Cole/Los Angeles Times/Getty Images

Why did the Supreme Court reverse Arthur Andersen LLP v United States?

On May 31, 2005, in Arthur Andersen LLP v. United States, the Supreme Court unanimously reversed Andersen's conviction because of errors in the trial judge's jury instructions. The Supreme Court held that the instructions were too vague to allow a jury to find that obstruction of justice had occurred.

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