Studio sticking with Andersen
Monday, April 8, 2002 | 11:13 a.m.
LOS ANGELES -- Metro-Goldwyn-Mayer will ask its shareholders next month to rehire beleaguered accounting firm Arthur Andersen LLP as the company's auditor.
MGM said it had reviewed the legal charges brought against Andersen for its role in the accounting problems experienced by bankrupt Enron Corp. and was satisfied that the firm, which has served as MGM's auditor since 1957, would be able to render objective services to the movie studio.
MGM is controlled by billionaire casino investor Kirk Kerkorian.
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