Arthur Andersen went on trial Monday for its part in the largest nonprofit bankruptcy in U.S. history -- a collapse that left 13,000 investors out of $570 million two years before Enron's bankruptcy. Jury selection in the Baptist Foundation of Arizona case began in Phoenix on Monday, and opening arguments are expected today. Arizona's attorney general believes Andersen concealed huge losses on financial statements.
April 30, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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