2 Cases Clarify Dodd-Frank Whistleblower Protections

By Harini Srinivasan (September 13, 2017, 12:12 PM EDT) -- In July, two federal courts threw out whistleblower suits, both ruling that the plaintiffs did not qualify as whistleblowers under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The question before the courts in both cases was whether the Dodd-Frank Act covered the disclosures made by the plaintiffs and thus extended its whistleblower protections to the retaliation experienced by the former employees. Both decisions narrowly interpreted the Dodd-Frank Act's whistleblower protections to exclude whistleblowers employed at private companies whose protected activity did not disclose securities fraud by or affecting a publicly traded company....

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