10-K Conundrum: How SEC Filings Breed Employment Claims

Law360, New York (January 27, 2015, 10:23 AM EST) -- A recent Seventh Circuit decision provides a cautionary tale for employers deciding what level of detail about litigated matters to include in publicly disclosed U.S. Securities and Exchange Commission filings. The court held a former employee could assert retaliation against her former employer when the company listed her by name and described her discrimination claim as "meritless" in the company's annual report on Form 10-K filing with the SEC.

Celia Greengrass filed a discrimination charge with the United States Equal Employment Opportunity Commission against her employer, International Monetary Systems Ltd. As a publicly traded company, IMS is subject to the SEC's...

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