The U.S. Supreme Court's 5-4 ruling against the federal prosecution of a Florida fisherman under the Sarbanes-Oxley Act was hailed Wednesday as a blow against overcriminalization and zealous federal prosecutions.
February 25, 2015 at 05:25 PM
1 minute read
The U.S. Supreme Court’s 5-4 ruling against the federal prosecution of a Florida fisherman under the Sarbanes-Oxley Act was hailed Wednesday as a blow against overcriminalization and zealous federal prosecutions.
The court ruled that the financial fraud law’s bar against destruction of evidence could not be used against fisherman John Yates for tossing some undersized red groupers overboard to avoid a fine.
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