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Additionally, 1000s of staff members ended up laid off. On June fifteen, 2002, Arthur Andersen was identified guilty of shredding proof and shed their license to interact in community accounting. A few several years later, Andersen’s attorneys successfully persuaded the U.S. Supreme Courtroom to unanimously overturn the obstruction of justice verdict on the basis of faulty jury Directions. But by then, there was almost nothing still left of the company outside of two hundred staff handling its lawsuits.

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