Civil Justice Implications of Sarbanes–Oxley: 10 Years Later
Monday, July 30, 2012
Tom Davis, former Congressman and Director of Federal Government Affairs, Deloitte & Touche LLP
Professor J.W. Verret, George Mason University School of Law
Henry N. Butler, Executive Director of the Law & Economics Center and George Mason University Foundation Professor of Law
Enacted on July 29, 2002, the Sarbanes–Oxley Act was intended to reduce accounting fraud, increase accountability, and boost reporting standards for public companies, management and accounting firms. The Act was passed in large part to prevent a reoccurrence of the corporate and accounting scandals in 2001 and 2002. Ten years on, has the Act succeeded in these goals? What types of civil litigation have arisen due to the passage of the Act?