Another one bites the dust?

According to the W$J, Justice is considering indicting KPMG for obstruction in the abusive tax shelter investigation.

It seems hard to believe that Justice would proceed in the shadow of the Andersen reversal.  But even the small risk of a death sentence has value in bludgeoning KPMG into settling the underlying tax shelter claims.  One wouldn't envy prosecutors trying to explain that one to a jury, particularly in the current skeptical climate.

If the obstruction claim is, in fact, a strong one -- flat out lying and cancealment vs. following a document retention policy in the Andersen situation -- then it's too bad Justice squandered its credibility in its zeal to get Andersen.   

Update:  Tom Kirkendall continues to be on top of this story.