April 04, 2002

Bloomberg News Service today reported that Arthur Andersen, already “fighting for survival after its federal indictment, is also facing a $2 billion shareholder lawsuit over its Sunbeam Corp. audit” brought by Coleman Holding’s Inc, a Sunbeam subsidiary represented by Jenner & Block.  The Bloomberg story quotes Firm Chairman Jerold S. Solovy as saying, “Andersen knew about the fraud and went along with Sunbeam management.”