Reuters Can't Escape Fired Whistleblower's Suit

By Alex Lawson (October 25, 2013, 6:13 PM EDT) -- A New York federal judge on Friday denied a bid from Thomson Reuters Corp. to escape a suit brought by one of its former employees claiming he was fired for leaking insider trading violations to the government, finding that the employee had made a sufficient case to claim protection as a whistleblower.

U.S. District Judge Shira A. Scheindlin rejected the argument from Reuters that former analyst Mark Rosenblum should be prevented from claiming whistleblower protection under the Dodd-Frank Act because he failed to report his concerns to the U.S. Securities and Exchange Commission.

On the contrary, Judge Scheindlin ruled that the...

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