Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, March 22, 2007

Lawsuit Challenging PCAOB Dismissed

A D.C. Federal District Court dismissed a constitutional challenge to the PCAOB.  The suit asserted that the Board's members must be appointed by the President and not the SEC, as Sarbanes Oxley requires.  An appeal is expected.  See WSJ, Court Ruling Upholds New Auditing Board.

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