Whistleblower Law Blog
Sarbanes-Oxley Act Withstands Constitutional Challenge
On June 28, 2010, the Supreme Court issued an opinion upholding the Sarbanes-Oxley Act in Free Enterprise Fund v. Public Company Accounting Oversight Board. The Court ruled that in order to maintain a constitutional separation of powers, Securities and Exchange Commission must be allowed remove members of the Public Company Accounting Oversight Board at will. A copy of the opinion is available here.
The Sarbanes-Oxley Act prohibits employers from retaliating against an employee who reports suspected violations of federal mail, wire, bank, or securities fraud; federal law relating to fraud against shareholders; or any rule or regulation of the Securities and Exchange Commission. The employment lawyers at The Employment Law Group® law firm have substantial experience representing employees in Sarbanes-Oxley whistleblower proceedings before the Department of Labor and have written numerous articles about the whistleblower provisions of the Sarbanes-Oxley Act. For more information about TELG’s Sarbanes-Oxley Whistleblower Practice, click here.