Broad View Of SOX Threatens Small Cos., Justices Told

Law360, New York (October 09, 2013, 7:52 PM ET) -- Ruling that the Sarbanes-Oxley Act's whistleblower protections apply to private contractors for public companies would open up small businesses to costly litigation and conflict with Congress' goal of shielding such businesses from undue burdens, the U.S. Chamber of Commerce told the nation's highest court Monday.

The Chamber, which said that more than 96 percent of its members are small businesses, filed an amicus brief backing privately held Fidelity Investments and urging the U.S. Supreme Court to affirm a divided First Circuit ruling that nixed whistleblower claims...
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