On July 13, 2012, two defendants in an SEC enforcement action moved to dismiss the SEC's complaint, in part on the grounds that Section 304 of SOX was unconstitutional as applied to them. According to the complaint, the SEC...more
8/27/2012
- Due Process Reporting Requirements Sarbanes-Oxley SEC
On June 29, 2012, the Delaware Chancery Court dismissed a derivative lawsuit alleging breach of fiduciary duty for corporate waste for failure to minimize the corporation's taxes because the court found that there is no...more
7/16/2012
- Corporate Taxes Derivative Suit Fiduciary Duty