PCAOB and Sarbox In The Dock

By: Dan McLaughlin (Diary)  |  May 18th at 11:46 AM  | 

The Supreme Court this morning granted certiorari in Free Enterprise Fund and Beckstead and Watts, LLP v. Public Company Accounting Oversight Board, et al., No. 08-861 on the Court’s docket. The case will be briefed over the summer, heard in the Fall (after, among other things, Justice Souter’s retirement, assuming all goes on schedule) and decided some time between next December and July 2010. Given | Read More »

SOX Survives

By: Dan McLaughlin (Diary)  |  August 22nd at 10:05 AM  | 

A divided panel of the DC Circuit this morning, in Free Enterprise Fund v. Public Company Accounting Oversight Board, No. 07-5127 (D.C. Cir. Aug. 22, 2008), rejected a challenge to the Public Company Accounting Oversight Board’s appointment on separation of powers grounds; because of the lack of a severability clause in Sarbanes-Oxley, the challenge presented the possibility that the court would have had to declare | Read More »