Companies May Find High Court Whistleblower Ruling Costly
By Dunstan Prial (February 21, 2018, 7:03 PM EST) -- A U.S. Supreme Court ruling Wednesday narrowing the scope of anti-retaliation protections for corporate whistleblowers could lead to a significant increase in the number of complaints filed directly with the U.S. Securities and Exchange Commission, a result companies may find costly, legal experts said.
The high court ruled Wednesday that the definition of whistleblower should be interpreted through the specific wording included in Dodd-Frank and not expanded to include employees who report internally. (AP) The high court's decision in Digital Realty Trust Inc. v. Paul Somers found that employees who bring securities law complaints against their companies must first take their...
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