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1st Circ. Sets Criteria For SOX Whistleblower Claims

Law360 (February 10, 2009, 12:00 AM EST) -- In its first interpretation of the requirements for an action under the whistleblower protection provision of the Sarbanes-Oxley Act of 2002, the U.S. Court of Appeals for the First Circuit has upheld a ruling in favor of Staples Inc. in a suit by a former product returns analyst who accused the company of shareholder fraud.

The appeals court ruled Monday that the allegations by Kevin Day, who had worked at Staples for only seven weeks before complaining to his supervisors about the alleged fraud, did not...
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