Judge James Robertson of the U.S. District Court for the District of Columbia, who is presiding over a brash legal attempt to eliminate the 2002 Sarbanes-Oxley corporate accountability law, pledged last week to rule “as soon as I can.”
Robertson heard arguments Dec. 21 on the constitutionality of the Public Company Accounting Oversight Board. Although operation of the board is a narrow portion of 2002 law enacted in reaction to corporate accounting scandals early in this decade, a finding that the panel is unconstitutional could result in the law being struck down.
