Sarbanes-Oxley compliance is no walk in the park, nor does it carry a small price tag for companies who traditionally have underfunded or undervalued the accounting function.
And yet the State of NY thinks that it's arcane rules for company valuation might trap a Trump company, that follows SOX compliance?
Not likely.
I wouldn't be surprised if the sell off is not just based on fear that the implicit price support of the acquisition is going away...I think the market may also be worried about a massive SOX violation and the attendant crippling impact.
The really funny thing, is SOX was signed by Dubya.