Defense lawyers are hailing Rep. Christopher Cox, nominated by President Bush to be the new SEC head, as a savior for companies squeezed by the tight regulatory regime of current Chairman William Donaldson. Meanwhile, plaintiff-side securities lawyer William Lerach said he expects Cox to roll back enforcement of Sarbanes-Oxley provisions, reduce penalties and give companies more leeway to delay compliance with corporate responsibility laws. Said Lerach, "He's the worst possible nominee imaginable."
June 06, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Securities lawyers know what they’re getting with Christopher Cox, the Orange County Republican congressman President Bush nominated Thursday to be the Securities and Exchange Commission chairman.
But how they feel about the former Latham & Watkins partner depends on their side of the aisle.
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