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EX-SEC CHAIRS JOIN TO SUPPORT SOX BOARD WASHINGTON � Seven former chairmen of the Securities and Exchange Commission have banded together to support the constitutionality of the Public Company Accounting Oversight Board. The group, led by Roderick Hills, SEC chairman from 1975 to 1977 and now with D.C.-based Hills, Stern & Morley, filed a friend-of-the-court brief last week opposing a suit challenging the board’s creation. The suit, filed in February in the U.S. District Court for the District of Columbia by conservative think tank the Free Enterprise Fund and Nevada accounting firm Beckstead and Watts, argues that the provisions of the Sarbanes-Oxley Act that established the board violate the appointments clause of the Constitution and separation-of-powers principles. The group of former SEC chairmen hired Richard Pildes, a constitutional law scholar at New York University School of Law, to write the brief, Hills says. The next hearing in the case is expected to come in late October.

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