Private Co. Whistleblowers Outside Of SOX, Fidelity Says

Law360, New York (October 3, 2013, 4:30 PM EDT) -- Only employees of publicly traded companies may pursue Sarbanes-Oxley Act whistleblower claims, Fidelity Investments insisted Monday, urging the U.S. Supreme Court to uphold a divided First Circuit ruling that said workers at private contractors for public companies aren't covered by SOX's anti-relation protections.

Privately held Fidelity filed a brief at the nation's highest court arguing that the appeals court was correct to order dismissal of whistleblower claims from two ex-employees — one worked for respondent FMR Co. Inc. and the other worked for Fidelity Brokerage Services...
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