WASHINGTON – Next term the U.S. Supreme Court will decide whether an employee of a privately held contractor or subcontractor of a public company is covered under the whistleblower protections of the Sarbanes-Oxley Act.
A technology company didn’t engage in illegal retaliation when it fired an executive a short time after he refused to sign Sarbanes-Oxley Act disclosure forms, the 2nd U.S. Circuit Court of Appeals has ruled.
Published: June 1, 2012
Tags: clawback, Dodd-Frank Wall Street Reform and Consumer Protection Act, financial regulation, insurance, Sarbanes-Oxley Act
WASHINGTON – Legislation that would prohibit officers, directors and employees from buying insurance to prevent them from personally paying compensation clawbacks or civil penalties for harmful actions they commit has been introduced in the House.
The whistleblower protections of the Sarbanes-Oxley Act do not protect the employees of private companies that are contractors of public companies, the 1st Circuit has ruled in reversing judgment.
The whistleblower protections of the Sarbanes-Oxley Act do not protect employees who leaked information about their company to a newspaper, the 9th Circuit has ruled in affirming judgment.
Published: March 9, 2011
Tags: arbitration, Dodd-Frank Wall Street Reform and Consumer Protection Act, Sarbanes-Oxley Act, whistleblower
A new federal law banning the arbitration of certain whistleblower claims applies to a retaliation lawsuit filed before the statute’s enactment, a U.S. District Court in Massachusetts has ruled in denying a motion to compel arbitration.
An employer didn’t waive its rights by participating in a former employee’s whistleblower lawsuit for several months before filing a motion to compel arbitration, the 10th Circuit has ruled in reversing judgment.
Whistleblowers must show only that they called attention to what they believed was fraud in order to sue their employers for wrongful termination under the Sarbanes Oxley Act, the 9th Circuit ruled Thursday.
Is the Sarbanes-Oxley Act is unconstitutional? Click here for the related article.
U.S. Supreme Court. Free Enterprise Fund v. PCAOBI, No. 08-861. Certiorari granted May 18, 2009. Ruling below: 537 F.3d 667 (D.C. Cir. 2008).
The U.S. Supreme Court is set to decide whether the Sarbanes-Oxley Act – designed to enforce auditing and accounting standards and avoid corporate scandal – is unconstitutional.