Whistleblowing CFO Still Fired: 4th Circ.

Law360 (August 6, 2008, 12:00 AM EDT) -- The Sarbanes-Oxley Act doesn't protect the job of a former chief financial officer who blew the whistle on his employer's allegedly questionable accounting, as he didn't prove that he reasonably believed the practices violated the law, an appeals court has ruled.

On Tuesday, the U.S. Court of Appeals for the Fourth Circuit affirmed a Labor Department's Administrative Review Board ruling that the firing didn't violate the whistleblower protection provision of Sarbanes-Oxley.

The ARB found that former CFO David Welch had failed to produce any evidence that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.