High Court Agrees To Review SOX Challenge

Law360 (May 18, 2009, 12:00 AM EDT) -- Opening up yet another front in a long-running battle over the Sarbanes-Oxley Act, the U.S. Supreme Court has agreed to take up a case challenging the constitutionality of the Public Company Accounting Oversight Board established by the 2002 law.

The Free Enterprise Fund, a libertarian lobbyist group, and Beckstead & Watts LLP, a Nevada accounting firm, have together continually challenged the constitutionality of the PCAOB, although they have lost every battle in the fight to date.

Michael A. Carvin, partner at Jones Day LLP, who represents...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.