Arthur Andersen Conviction Overturned by U.S. Supreme Court
In a unanimous opinion, the Supreme Court overturned the accounting firm's June 2002 conviction. The court found that the jury instructions at trial were overly vague and broad. In essence, the trial court improperly found the company guilty without evidence of intent to commit a crime. There was no obstruction of justice or improper destruction of Enron-related documents. It turns out that the company was railroaded, having been made the scapegoat for the Enron scandal. Will the company's private ex-owners be compensated for the government's mistake?