Neustar Settles SEC Investigation Over Severance Clause

Law360, New York (December 20, 2016, 8:01 PM EST) -- Technology company NeuStar Inc. has agreed to pay $180,000 to end allegations that it violated a whistleblower protection rule by restricting what former employees were allowed to say about the company, the Securities and Exchange Commission announced Monday.

Virginia-based NeuStar Inc. promptly settled the SEC administrative case when it began investigating the company’s policies, the agency said, noting that NeuStar voluntarily revised its nondisparagement clause and dropped a severance agreement policy in addition to paying the sum.

“Public companies cannot use severance agreements to impede whistleblowers from communicating with the SEC about a possible securities law violation,” Antonia Chion, associate director...

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