In a decision that could lower costs for small businesses, the Supreme Court ruled against part of the Sarbanes-Oxley law, saying that an audit panel created in the aftermath of WorldCom and Enron violates the Constitution.
The U.S. Supreme Court ruled that Congress violated the Constitution when it set up an auditing board after the Enron Corp. and WorldCom Inc. collapses, saying the panel was too insulated from presidential control.
(Reuters) - When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That this question still arises could be seen as an indictment of the 2002 Sarbanes-Oxley law, enacted 10 years ago on Monday. The law was a response to accountants' failures to sound the alarm about financial misconduct at Enron Corp, WorldCom and a host of other companies. But, lawyers and analysts say that for the most part Sarbanes-Oxley is working. ...
WASHINGTON (Reuters) - The Supreme Court on Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies' auditors violated the Constitution.
WASHINGTON (Reuters) - The Supreme Court struck down on Monday part of the 2002 law that created a national board to police auditors of public companies, ruling that it violated the constitutional requirement on the separation of powers among the branches of government.
WASHINGTON (AP) -- The Supreme Court ruled narrowly Tuesday in favor of a government policy that threatens broadcasters with fines over the use of even a single curse word on live television, yet stopped short of deciding whether the policy violates the Constitution....
The Supreme Court ruled narrowly Tuesday in favor of a government policy that threatens broadcasters with fines over the use of even a single curse word on live television, yet stopped short of deciding whether the policy violates the Constitution.
I love it when petty tyrants are struck down:
New York City’s crackdown on big, sugary sodas is staying on ice.
An appeals court ruled Tuesday that the city’s Board of Health exceeded its legal authority and acted unconstitutionally when it tried to put a size limit on soft drinks served in city restaurants.
In unanimous ruling, justices declare that human genes are a product of nature and cannot be patented and held for profit.WASHINGTON — The Supreme Court ruled that human genes are a product of nature and cannot be patented and held for profit, a decision that medical experts said will lead to more genetic testing for cancers and other diseases and to lower costs for patients.