Suit To Reinstate Tennessee Commerce Exec Nixed

Law360, New York (October 27, 2010, 4:39 PM EDT) -- A federal judge on Wednesday dismissed a suit against Tennessee Commerce Bank that had gone to an appeals court over the question of whether the U.S. Department of Labor could force the bank to rehire a former chief financial officer who made whistleblower allegations under the Sarbanes-Oxley Act.

Judge Aleta A. Trauger of the U.S. District Court for the Middle District of Tennessee agreed to dismiss the suit at the request of both parties.

The DOL and Tennessee Commerce told the court in a joint motion...
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