Source Pravda.Ru

Feds seek to dismiss Andersen indictment

Federal prosecutors began proceedings to dismiss an indictment against Enron Corp.'s former accounting firm, Arthur Andersen LLP, by asking a judge to return the case to a lower court. In the filing, the U.S.

Attorney's Office is asking the 5th U.S. Circuit Court of Appeals to return the case to a U.S. District Court in Houston so that the judge can vacate the conviction against Arthur Andersen. Then the government can move to dismiss the indictment.

Rusty Hardin, Andersen's attorney, said Tuesday he was elated by what he called a "very welcome event."

Arthur Andersen was convicted in June 2002 of obstructing justice for destroying Enron-related documents prior to the Houston energy company's December 2001 collapse. The conviction essentially meant the demise of Chicago-based Andersen.

The company, one of the former "Big Five" accounting firms, employed 28,000 people nationwide, all of whom lost their jobs when the business crumbled shortly after the conviction. In May, the Supreme Court overturned the conviction, the AP reported.