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The U.S. Supreme Court term just ended was good for business—but not, percentage-wise, as good as you might think.
Anderson Retrial Unlikely as Government Increases Use of Alternatives to Indictment
In the government's aggressive and largely successful pursuit of corporate fraud in recent years, the conviction of Arthur Andersen was its first major, high-profile victory. A retrial after last week's stinging reversal by the U.S. Supreme Court is unlikely, said a number of legal experts, and that will be a difficult pill for government prosecutors to swallow.Utilicorp Brings the Power Inside
Six years ago, energy provider UtiliCorp abolished its legal department in favor of outsourcing its corporate work to Kansas City, Mo.'s Blackwell Sanders Peper Martin. After a $5 billion international acquisition spree, the Missouri-based company has come full circle and hired the entire department -- its principal outside counsel dealmaker and six of his associates -- away from Blackwell Sanders.Lawyers See Lessons in Andersen Trial
Arthur Andersen's obstruction of justice trial shows that it's important for corporate insiders to think about how their conduct in risky situations will appear to the public -- not just whether it's technically legal. That's one of the lessons learned by several prominent lawyers interviewed about the accounting firm's trial, in which jurors focused on the acts not of the accountants but of an in-house attorney.Trending Stories
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