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Supreme Court Unhooks Fisherman From Conviction Under SOX Anti-Shredding Provision

an old fisherman

A commercial fisherman who was snagged with a federal crime under 18 U. S. C. §1519 — aka Sarbanes-Oxley’s anti-shredding provision — because he threw back some undersized red grouper got his day at the Supreme Court and won. Talk about a keeper.

Justice Ruth Bader Ginsburg read her opinion from the bench, stating “Fish one may fry, but may one falsify, or make a false entry in the sea-dwelling creatures?”

Right now, CFOs everywhere are angling for ways on how to do the latter.

[Yates v. United States via NPR, Earlier]