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No Private Right to Sue Under SOX; Only SEC May Enforce, Judge Says
A federal judge has ruled that Section 304 of Sarbanes-Oxley Act - a key provision of the 2002 law that calls for disgorgement of profits and bonuses from top corporate executives in the wake of an alleged accounting scandal - does not provide a private right of action for shareholders to file a derivative suit.DOJ: Nearly 500 arrests in mortgage fraud probe
The Justice Department on Thursday announced a major crackdown on mortgage fraud, disclosing that investigators have made nearly 500 arrests since March in a probe called Operation Stolen Dreams.N.J. High Court Rules in Favor of In-House Attorney Whistleblower