SOX Whistleblowers Find A New Friend In Supreme Court
Law360, New York (March 5, 2014, 5:12 PM EST) -- In deciding Lawson v. FMR LLC, the first whistleblower case heard under the Sarbanes-Oxley Act, the justices of the U.S. Supreme Court agreed that the law’s ambiguous anti-retaliation provision offered two alternatives, both unappealing:
Either it doesn’t protect a large class of whistleblowers — whom, in many cases, are the people most likely to discover financial wrongdoing;
Or it protects virtually anyone hired by a publicly traded company, or its employees, either directly or indirectly, and forbids reprisal for a huge range of fraud reports.
Led by Justice Ruth Bader Ginsburg, a 6-3 majority unflinchingly chose the broader interpretation, instantly giving...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!