Ninth Circuit Holds That SOX Disgorgement of Incentive Compensation Does Not Depend On Executives’ Own Misconduct

Ninth Circuit Holds That SOX Disgorgement of Incentive Compensation Does Not Depend On Executives’ Own Misconduct

The U.S. Court of Appeals for the Ninth Circuit held today that the Sarbanes-Oxley Act’s disgorgement provision – which requires disgorgement of certain CEO and CFO compensation when an issuer restates its financial statements “as a result of misconduct” – applies even if the CEO and CFO were not personally involved in the misconduct.

Tweet Like LinkedIn LinkedIn Google Plus

Check Your Neutral Policies: The EEOC Joins the ACLU’s Challenge to Dignity Health’s Exclusion of All Care Related to Sex Transitions As Sex Discrimination

Check Your Neutral Policies: The EEOC Joins the ACLU’s Challenge to Dignity Health’s Exclusion of All Care Related to Sex Transitions As Sex Discrimination

The ACLU filed a complaint against Dignity Health, claiming that the total exclusion of care related to “sex transformation surgery” in Dignity’s employee health insurance plan is unlawful sex discrimination.

Tweet Like LinkedIn LinkedIn Google Plus