SEC Says Bio-Rad Wrong To Call Ex-GC's Work Privileged
Law360, New York (December 13, 2016, 4:10 PM EST) -- The U.S. Securities and Exchange Commission went to bat again on Tuesday for a former general counsel who claims Bio-Rad Laboratories Inc. fired him over Foreign Corrupt Practices Act concerns, arguing the attorney can use what would otherwise be privileged information at trial.
Sanford Wadler claims the life sciences research company fired him for exposing corruption in its Chinese dealings. The company has attempted to block Wadler from using a wide swath of evidence at trial, arguing the material from his GC days is confidential. The SEC warned U.S. Magistrate Judge Joseph Spero he could hamstring financial whistleblower protections if he...
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