SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : 5spl

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LPS5 who started this subject6/12/2002 8:01:33 PM
From: LPS5  Read Replies (1) of 2534
 
Jury Deadlocked in Andersen Trial
Wed Jun 12, 6:59 PM ET
By KRISTEN HAYS, Associated Press Writer

HOUSTON (AP) - The jury in its seventh day of deliberating Arthur Andersen LLP's obstruction of justice trial said Wednesday it was deadlocked.

"We are not able to reach a unanimous decision," the jury said in a note sent to U.S. District Judge Melinda Harmon.

Harmon told lawyers she would be telling jurors to continue to try to reach a verdict.

The nine-man, three-woman panel discussed the case for more than 56 hours since deliberations began last Thursday morning.

The jury is trying to decide if the Chicago-based accounting firm illegally obstructed justice by shredding documents to thwart federal regulators investigating former client Enron Corp.

It's the first criminal trial to emerge from Enron's stunning fall last year.

The judge did not immediately address jurors late Wednesday and was reviewing two different proposals of what she should tell them.

One was a version she had and the other was presented by the defense.

Andersen is accused of shredding documents and wiping out computer records related to Enron and its accounting practices.

The firm argued its promotion of a document retention policy that calls for destruction of unneeded papers was a routine effort to organize files.

The trial began with jury selection May 6.

Andersen's U.S. work force of 28,000 has dropped to about 10,000 as the firm lost more than 670 clients this year, most of them since an indictment against the company was unsealed March 14, said C.E. Andrews, global audit practice director.

Andersen's lead attorney, Rusty Hardin, while optimistic of acquittal, has said a mistrial because of a deadlocked jury would be a victory for the firm. He also said Andersen would be ready if a hung jury led to a second trial.

"Yes, we'd do this again," he said.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext