Doral Ruling Shows SOX's Teeth Getting Sharper

Law360, New York (February 24, 2014, 9:50 PM EST) -- A Puerto Rico federal judge's Friday refusal to throw out a fired employee's whistleblower case against Doral Financial Corp. shows the U.S. Department of Labor's employee-friendly take on the Sarbanes-Oxley Act trickling down to district courts and making SOX cases tougher to fight, lawyers say.

U.S. District Judge Daniel Dominguez denied Doral Financial Corp.'s motion to dismiss SOX claims from Ronald Stewart, a former senior vice president and principal accounting officer who claimed he had been fired shortly after voicing concerns about Doral's internal controls and the possibility that it would inaccurately report financial information.

Friday's decision deferred to the U.S....

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