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U.S. High Court Finds Portion Of Sarbanes-Oxley Act Unconstitutional

WASHINGTON, D.C. - (Mealey's) The formation and oversight structure of the Public Company Accounting Oversight Board (PCAOB), an independent administrative agency created under the Sarbanes-Oxley Act of 2002 (SOX), violates the U.S. Constitution, a 5-4 majority of the U.S. Supreme Court ruled June...

R. Scott Oswald Elected President Of MWELA

WASHINGTON, D.C. - R. Scott Oswald , managing principal of The Employment Law Group law firm, has been elected to serve as the 2011-2012 president of the Metropolitan Washington Employment Lawyers Association (MWELA). MWELA is the 300-lawyer Washington, D.C., metropolitan area affiliate of the National...

The Week in Securities Litigation: President Signs 2 Pieces Of Securities Legislation, Another Clawback Case Brought By SEC

At the start of the second quarter the focus was on the White House where two pieces of securities legislation were signed into law by the President. First, the STOCK Act, prohibiting the already illegal insider trading by Congress was signed. Later in the week the President signed the JOBS Act which...

The Week In Securities Litigation: SEC Settles 'Suspicious Trading' Insider Trading Action

Significant events this week included the proposal by the SEC of additional swaps rules regarding security-based swap dealers and major participants. Enforcement settled a "suspicious trading" insider trading action with a Hong Kong based entity while initiating a case against an investment...