4th Circ. Reminds Whistleblowers Of Their Role And Rights

Law360, New York (February 10, 2015, 11:37 AM EST) -- In Jones v. SouthPeak Interactive Corp. of Delaware, et al., the Fourth Circuit became the third federal circuit court to hold that emotional distress damages are available to successful claimants under the anti-retaliation provision of the Sarbanes-Oxley Act. The case was brought by Andrea Gail Jones, SouthPeak's former chief financial officer, who alleged the publicly traded company terminated her for raising concerns about its failure to report a debt it incurred in filings with the U.S. Securities and Exchange Commission.

Jones alleged that in February 2009, SouthPeak CEO Melanie Mroz and the company's chairman, Terry Phillips, decided to purchase from Nintendo...

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