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Andersen's Paper Jam

Legal Times

April 25, 2005

It began with an e-mail that any in-house counsel could have written: a reminder to colleagues about the company's document retention policy. On Wednesday, the Supreme Court will hear arguments over the meaning of the law under which the Arthur Andersen accounting firm was prosecuted -- a case that has sent shudders through corporate legal departments nationwide. Says one legal ethics expert: "It's too late for Arthur Andersen. You can't put the egg back together. But this is a huge case for lawyers."

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