BUSINESS BRIEFING / COURTS
The Supreme Court will rule on the validity of a landmark anti-fraud law that served as Congress’ response to the wave of corporate scandals starting with Enron Corp.
The justices said they would consider a challenge to the 2002 Sarbanes-Oxley law from pro-business conservatives, who complained that the board established to oversee the accounting industry violates the constitutionally mandated separation of powers.
The law reshaped corporate governance after the accounting scandals of 2001-02 at major corporations exposed inadequate internal controls and auditors who were too cozy with the companies whose books they examined. It was upheld by a panel of a federal appeals court last August.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
