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DOL Dismisses Sarbanes-Oxley Complaint v. Swatch for Violating Transfer-Pricing Rules

Paul Caron

Monday, August 16, 2004

Swatch Logo The Wall Street Journal reports that the Department of Labor has dismissed on jurisdictional grounds the Sarbanes-Oxley complaint against Swatch (blogged here on Sunday) alleging that the Swiss watchmaker violated transfer-pricing rules in evading U.S. taxes. The DOL lacked jurisdiction because the two complainants were hired and employed outside the U.S.

About the Author

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Paul Caron
Paul Caron was named Duane and Kelly Roberts Dean of Pepperdine University School of Law on June 1, 2017. Dean Caron joined the Pepperdine faculty in 2013 after serving as the Dorothy and Leonard Straus Distinguished Visiting Professor of Law in the spring semesters of 2010 through 2013. He served as Associate Dean for Research and Faculty Development at Pepperdine in 2015-2017. Before coming to Pepperdine, he was Associate Dean of Faculty and Charles Hartsock Professor of Law at the University of Cincinnati College of Law.
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