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Sarbanes-Oxley News & Developments
Judge Rules Sarbox 304 Reserved for SECCongress never granted individual shareholders the right to sue corporate executives under Section 304 of the Sarbanes-Oxley Act, says a federal judge.
> > A federal judge ruled that shareholders cannot file derivative lawsuits under Section 304 of the Sarbanes-Oxley Act, according to Law.com. Section 304 of Sarbox allows for the disgorgement of profits and bonuses from top corporate executives in alleged accounting scandals.
Source: CFO
Published:2005-09-30
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