SOX Whistleblowers Find A New Friend In Supreme Court
Law360, New York (March 5, 2014, 5:12 PM EST) -- In deciding Lawson v. FMR LLC, the first whistleblower case heard under the Sarbanes-Oxley Act, the justices of the U.S. Supreme Court agreed that the law's ambiguous anti-retaliation provision offered two alternatives, both unappealing:
Either it doesn't protect a large class of whistleblowers — whom, in many cases, are the people most likely to discover financial wrongdoing;
Or it protects virtually anyone hired by a publicly traded company, or its employees, either directly or indirectly, and forbids reprisal for a huge range of fraud reports.
Led by Justice Ruth Bader Ginsburg, a 6-3 majority unflinchingly chose the broader interpretation, instantly giving...
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