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Sarbanes-Oxley May Have Big Impact On D&O Litigation

On July 30, 2002, President George W. Bush signed into law the Sarbanes-Oxley Act of 2002, an unprecedented corporate governance statute which redefines the conduct, liabilities and relationships of directors, officers, accountants, attorneys and analysts for publicly-traded companies. It is a watershed in corporate law and relations, the most significant such legislation since passage of the first securities laws in the United States.

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