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.