‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInD.C. Circuit Asked to Rehear PCAOB Constitutionality Challenge
As discussed here previously, on August 22, 2008 the U.S. Appeals Court for the District of Columbia Circuit held that the Public Company Accounting Oversight Board (PCAOB) created by the Sarbanes-Oxley Act to oversee auditors was constitutional. A Las Vegas accounting firm had challenged the board’s legality in a 2006 lawsuit, arguing its makeup violated […]
CBS News Video: “Where was the SEC?”
CBS News has this video today asking the question: “Where was the SEC?” In it, former SEC attorney Howard Schiffman states that “Here it’s not as important to find out who was responsible for the fire, but maybe should have stopped there ever being a fire.” Former SEC Chairman Harvey Pitt, however, defends the SEC. […]
Litigation from Financial Crisis Flowing, Keeping Many Litigators Fully Employed
For all of the talk lately of law firm layoffs and firms losing key clients in the recent bankruptcies, mergers and bailouts, there is still a large number of lawyers who are busier than ever, and likely will be for a long time. As discussed in today’s WSJ, this week’s craziness on Wall Street is […]