Monday’s Supreme Court ruling striking down Chicago’s gun ban stole all of the headlines, leaving another critical court decision largely unnoticed. But the Competitive Enterprise Institute’s successful challenge to a section of the 2002 Sarbanes Oxley (SOX) Act is another triumph for strict constructionists. It also offers hope for beleaguered companies already struggling under heavy-handed government regulation.
CEI’s Free Enterprise Fund filed the original lawsuit on behalf of Brad Beckstead, a Nevada accountant whose two-person accounting firm was being strangled by red tape.
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