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Politics : Formerly About Applied Materials

AMAT 267.69

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To: StanX Long who wrote (61916)	3/12/2002 1:23:44 AM
From: StanX Long	of 70976

"OT" U.S. Tells Andersen To Expect Charges Firm Given Deadline for Guilty Plea washingtonpost.com By Susan Schmidt and Jackie Spinner Washington Post Staff Writers Tuesday, March 12, 2002; Page A01 Federal prosecutors have told Arthur Andersen LLP that they intend to charge the firm with obstruction of justice for failing to prevent document shredding after company officials learned Enron Corp.'s accounting procedures were the subject of lawsuits and a federal inquiry, legal sources said yesterday. Prosecutors have set a Thursday deadline for Andersen to agree to enter a guilty plea, the sources said, although Justice Department officials are continuing to meet this week with Andersen lawyers arguing against criminal charges. It was not clear how quickly Justice would act if Andersen failed to agree to a guilty plea. Michael Chertoff, who as the chief of Justice's criminal division is overseeing the case, is slated to preside at a meeting Thursday to determine the company's fate, when he returns from an international conference in Trinidad.

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