|Docket No.||Op. Below||Argument||Opinion||Vote||Author||Term|
Dec 7, 2009
||Jun 28, 2010||5-4||Roberts||OT 2009|
Holding: The Public Company Accounting Oversight Board has expansive powers to regulate accounting firms that audit public companies. Its members are appointed by Securities and Exchange Commission (SEC) and cannot be removed except for â€œgood cause.â€ The members of the SEC, in turn, may be removed by the President only for â€œgood cause.â€ The Court ruled that the two-tiered â€œgood causeâ€ protection violates separation of powers principles by depriving the President of sufficient authority to ensure that the laws are faithfully executed by executive branch officials.
Judgment: Affirmed in part, reversed in part, and remanded, 5-4, in an opinion by Chief Justice John Roberts on June 28, 2010. Justice Breyer dissented, joined by Justices Stevens, Ginsburg, and Sotomayor.