Whistleblowing CFO Still Fired: 4th Circ.

Law360, New York (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...
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