Andersen decided to appeal theconviction not because the firm’slawyers believed that the companycould be restored to its previous position,but because of “an obligationto set the record straight and clearthe good name of the 28,000 innocentpeople who lost their jobs atthe time of the indictment and protectthe firm against a flood of civillawsuits.” In the summer of 2004, afederal appellate court unanimouslydenied Andersen’s appeal of the conviction.Andersen then appealed to theUnited States Supreme Court, and onMay 31, 2005, in a 9–0 decision, theCourt overturned the 2002 criminalconviction of Andersen. The SupremeCourt indicated that the judge’s instructionsto the Texas jury in the 2002trial “were too broad . . . and could resultin the criminalization of innocentconduct.” Although Andersen couldbe retried, would there be any pointto doing so? “The company that onceboasted 28,000 employees is nowhome to fewer than 200. It long agorelinquished its accounting licenseand no longer conducts public audits.”As was observed in The Economist,
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