Filing for bankruptcy may be the best option for Arthur Andersen, experts say, if the accounting firm hopes to salvage its operations. A Chapter 11 filing, while dire, could help the firm's chances of swiftly resolving civil liabilities linked to Andersen's role as chief auditor for Enron. However, Thursday's criminal indictment by a federal grand jury on obstruction of justice charges may already spell its demise.
March 14, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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