Saturday, April 22, 2017

'Reconstituted' Arthur Andersen closes U.S. offices amid trademark infringement suit; Accounting Today, April 20, 2017

Michael Cohn, Accounting Today; 

'Reconstituted' Arthur Andersen closes U.S. offices amid trademark infringement suit

"The original Arthur Andersen and Andersen Worldwide collapsed in the wake of the Enron and WorldCom accounting scandals of the early 2000s. However, the new entity's rights to the Andersen brand and trademark were challenged by Andersen Tax, a firm founded by a group of 23 former Andersen partners that has been growing its presence around the world after buying the rights to the Andersen name and changing its name from WTAS to Andersen Tax in 2014 (see Firms vie over rights to Arthur Andersen name).

Andersen Tax CEO Mark Vorsatz filed suit against Laffont-Réveilhac and several of his colleagues in France and the U.S. accusing them of trademark infringement, as the legal battle grew more contentious (see Dispute over Arthur Andersen name heats up). With former CEOs and managing partners of the original Arthur Andersen throwing their support behind Andersen Tax, along with the founder's great-granddaughter Kristin Andersen, the new Arthur Andersen canceled a press conference that was scheduled for last month in New York in which it had promised to answer questions about the dispute and provide testimonials from several Andersen alumni (see Former Andersen chiefs support Andersen Tax in dispute over Andersen name and Dispute over Arthur Andersen legacy continues)."

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