High Court Ruling To Spur Rise In SOX Whistleblower Cases
By Ben James (March 4, 2014, 7:40 PM EST) -- The U.S. Supreme Court's holding that the Sarbanes-Oxley Act's ban on retaliating against whistleblowers extends to contractors who perform work for publicly traded companies dramatically expands the pool of potential SOX claimants and will translate to a sharp rise in whistleblower suits, lawyers say.
Lawyers on both sides of the whistleblower bar say Tuesday's 6-3 decision rejecting Fidelity Investments' argument that SOX's whistleblower provisions only shielded workers at public companies endorsed a wide view of who may invoke SOX's protections and will result in an uptick in SOX whistleblower claims at the Occupational Safety and Health Administration.
"Clearly, the expansion that...
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