Charges were dismissed against former Arthur Andersen partner Daniel F. Stulac in a legal battle lasting three-and-a-half years over the defunct Big Five firm's audits of Peregrine Systems.
A jury had deadlocked in the second trial of Stulac, 43, and former Peregrine revenue-accounting manager Patrick Towle, 39, last month after six weeks of hearings (see Peregrine Auditor's Jury Deadlocks). Last August, following a three-month trial, the original jury deadlocked with eight votes favoring acquittal on all counts. Stulac was indicted in October 2004 and faced a maximum of 30 years in prison if convicted. Charges against Towle have also been dismissed.
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