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High Court Won't Hear 1st SOX Whistleblower's Case

Law360 (April 24, 2009, 12:00 AM EDT) -- The U.S. Supreme Court has refused to hear the appeal of a decision that a former bank chief financial officer who blew the whistle on his employer's allegedly questionable accounting was not protected by the Sarbanes-Oxley Act, putting to rest the first-ever SOX whistleblower case.

The high court denied a petition for certiorari filed by David Welch, former CFO of Virginia bank Cardinal Bankshares Corp., on April 20. Welch became the first person to win whistleblower protection under SOX after he first filed his complaint with...
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