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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]