Recall that in February the Free Enterprise Fund filed a suit claiming that the Public Company Accounting Oversight Board (PCAOB) established under Sarbanes-Oxley violates the appointments clause of the Constitution, among other provisions (see here and here). PCAOB filed a motion to dismiss this week. Click here for details.
Cite this Article
Bill Sjostrom, Update on Lawsuit Challenging PCAOB, Truth on the Market (May 20, 2006), https://truthonthemarket.com/2006/05/20/update-on-lawsuit-challenging-pcaob/