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Sarbanes-Oxley News & Developments

Court Upholds Sarbox Escrow Rule

An appeals court agrees that the SEC can freeze 'extraordinary payments' to executives accused of committing fraud.

> > The Ninth U.S. Circuit Court of Appeals upheld a lower court ruling that the SEC had the right to freeze payments to two former executives of Gemstar-TV Guide International Inc. during a fraud investigation.
Source: CFO

Published:2005-03-24

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