The U.S. Supreme Court upheld the overall constitutionality of the Sarbanes-Oxley Act on Monday, striking down only a narrow portion of the law and defusing what could have been a huge headache for Washington and Corporate America alike.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...