Companies Mentioned
Free Enterprise Fund
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Commentaries
Securities Law
Securities Law
In its long-awaited opinion in Free Enterprise Fund v. PCAOB, 537 F.3d 667 (D.C. Cir. 2008), the Circuit Court for the D.C. Circuit upheld the Sarbanes-Oxley Act of 2002 – specifically that Act’s establishment of the Public Company Accounting Oversight Board (“PCAOB”) – against constitutional challenges. The plaintiffs argued that…
Posted:
10/23/2008
10/23/2008
Summaries
Securities Law >
New Judicial Opinions
Securities Law >
New Judicial Opinions
Congress enacted the Act, 15 U.S.C. §§ 7201 et seq., following the Enron and Worldcom accounting scandals that exposed serious weaknesses in industry self-regulatory reporting requirements for certain publicly held companies. Opinion, p. 4. Title I of the Act establishes the Board “to oversee the audit of public companies that…
Date of ruling:
08/22/2008
08/22/2008