5th Circ. Affirms Limits On SOX Whistleblower Protection

Law360, Los Angeles (February 12, 2014, 9:22 PM EST) -- The Fifth Circuit affirmed the U.S. Department of Labor’s decision to not revive a Sarbanes-Oxley Act whistleblower suit claiming a former executive of a Core Laboratories NV unit was fired for complaining about alleged tax fraud in Colombia, ruling Wednesday the protection doesn't apply to non-U.S. claims.

The DOL held in late 2011 that the SOX whistleblower provision doesn’t allow for extraterritorial application. In a 3-2 en banc ruling, the DOL's Administrative Review Board rejected former Saybolt de Colombia Ltda. CEO William Villanueva's challenge to an...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.