Whistleblower Attys On Edge As Dodd-Frank Split Deepens
Law360, New York (July 18, 2013, 7:45 PM EDT) -- The Fifth Circuit ruled Wednesday that anti-retaliation provisions in Dodd-Frank only protect tipsters who disclose alleged fraud to the U.S. Securities and Exchange Commission, setting up a potential circuit split on an issue that could dramatically change how the whistleblower bar does business.
The appeals court ruled that Khaled Asadi, a former GE Energy USA LLC executive who was allegedly fired after reporting a possible securities law violation, did not qualify as a whistleblower under Dodd-Frank because he reported internally rather than to the SEC. As a result, the court found, Asadi could not sue GE under Dodd-Frank’s anti-retaliation provision....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!