1st Circ. To Hear Fidelity SOX Retaliation Suit

Law360, New York (July 30, 2010, 4:05 PM EDT) -- A federal judge has certified a rare interlocutory appeal in two retaliation lawsuits brought by former employees of mutual fund group Fidelity Management and Research LLC, saying an appeals court should decide whether whistleblower provisions of the Sarbanes-Oxley Act extend to privately held companies.

Judge Douglas P. Woodlock of the U.S. District Court for the District of Massachusetts said Wednesday that the cases brought by Jackie Hosang Lawson and Jonathan M. Zang should be stayed while the U.S. Court of Appeals for the First Circuit considers...
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