CHAPTER 45—SHIFTING LEGAL PRIORITIES FOR BUSINESS:
NEW HEALTH-CARE LAW REQUIRES CALORIC INFORMATION
B2. Under federal law, the calorie content of the food on a menu must be posted by
Organic Mix, LLC, if Organic Mix is
a. a restaurant chain with twenty or more locations.
b. a food distributor with twenty or more customers.
c. a food processor with twenty or more products.
d. a food producer with twenty or more acres.
CHAPTER 48—SHIFTING LEGAL PRIORITIES FOR BUSINESS:
ATTACKING THE ESSENCE OF THE SARBANES-OXLEY ACT
B3. The Sarbanes-Oxley Act of 2002 provided for the establishment and appointment of a
federal Public Company Accounting Oversight Board (PCAOB). Stunned by a costly set
of changes ordered by the PCAOB, a small auditing firm filed a suit in a federal district
court against the board. In Free Enterprise Fund v. Public Company Accounting
Oversight Board, the United States Supreme Court held that
a. the PCAOB had been illegally established.
b. the members of the PCAOB had been illegally appointed.
c. the act’s failure to provide for presidential oversight of the PCAOB was
unconstitutional.
d. the plaintiff did not have standing to bring the suit.