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Arthur Andersen's downfall has led some observers to urge prosecutors to go after the individuals responsible for corporate wrongdoing, but to avoid charging the corporations themselves. Covington & Burling partner Eric H. Holder Jr. warned that a WorldCom indictment may cause it to lose its eligibility for government contracts, put its bankruptcy reorganization in doubt and throw thousands of innocent employees out of work.
September 17, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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