Oversight Board Constitutionality Case Gets Transferred to D.C. District Court

The U.S. Public Company Accounting Oversight Board has won its bid to have a lawsuit accusing it of conducting unconstitutional disciplinary proceedings moved to a D.C. District court from the Northern District of Texas. 

U.S. District Judge Karen Gren Scholer granted the Board’s request Wednesday to transfer the case but declined to dismiss the lawsuit altogether. The Board has argued the lawsuit brought by an anonymous accountant is “defective in numerous other threshold respects.”