Dodd-Frank Whistleblower Ruling May Spark Retaliation Suits
By Abigail Rubenstein (September 27, 2012, 10:25 PM EDT) -- In what appears to be the first decision allowing a Dodd-Frank Act retaliation claim to survive a motion to dismiss, a federal judge embraced a broad definition of whistleblower under the statute that will lead to an uptick in the filing of such claims against employers, attorneys said Thursday.
U.S. District Judge Stefan Underhill handed down an order Tuesday denying Trans-Lux Corp.'s bid to toss a Dodd-Frank claim lodged by former employee Richard Kramer, who was fired after telling the company's board of directors and the U.S. Securities and Exchange Commission that his supervisors were violating the company's pension plan....
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