class actions, disabled rights, copyright, attorneys general, online speech, law schools, obesity, New York, mortgages, legal blogs, safety, CPSC, pharmaceuticals, patent trolls, ADA filing mills, international human rights, humor, hate speech, illegal drugs, immigration law, cellphones, international law, real estate, bar associations, Environmental Protection Agency, First Amendment, insurance fraud, slip and fall, smoking bans, emergency medicine, regulation and its reform, dramshop statutes, hotels, web accessibility, United Nations, Alien Tort Claims Act, lobbyists, pools, school discipline, Voting Rights Act, legal services programs
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

 

 

The Sarbanes-Oxley Debacle: What We've Learned; How to Fix It

Enacted in the wake of the Enron collapse and other corporate scandals stemming from the bursting of the dot-com bubble, the Sarbanes-Oxley act placed new regulatory and litigation burdens on U.S. public companies. Butler and Ribstein argue that the Sarbanes-Oxley Act, although a legislative disaster, is not beyond saving. The Sarbanes-Oxley Debacle examines the direct and indirect costs imposed by the recent legislation, and proposes reforms that could mitigate some of its worst effects. Among their proposals: applying Sarbanes-Oxley to larger corporations only; reducing the internal controls disclosure requirement; and prohibiting private lawsuits based on the Act.

Henry N. Butler, Professor, Chapman University; and Larry E. Ribstein, Professor, the University of Illinois College of Law (AEI Press 2006)

 

 

sort entries by:
author | date | title | category


Featured Book:
Lawyer Barons: What Their Contingency Fees Really Cost America
By Lester Brickman
The Litigation Explosion.

Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.