Andersen’s funeral bill

Arthur Andersen was naughty – or at least grossly negligent – for helping Enron with its financial chicanery. Of that there is little question. But should the audit and accounting firm have been allowed to perish for the paper-shredding of a few of its dunderheaded executives? The Supreme Court has its reservations on the matter. In a ruling Tuesday, the court unanimously overturned the 2002 conviction of the firm, saying instructions given to the jury during the trial were insufficient to deter...