On November 5, 2014, the United States Supreme Court heard arguments involving a unique application of the criminal penalties for evidence destruction under the Sarbanes-Oxley Act. The evidence at issue: fish. Specifically, three red grouper less than 20 inches long. While a decision in Yates v. U.S. (13-7451) is not expected until June 2015, the
Sarbanes-Oxley
Does Dodd-Frank Act Protect Whistleblower Who Did Not Report to SEC?
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Whether a claimant qualifies as a whistleblower under the language of the Dodd-Frank Act when he does not complain directly to the SEC is the question the Eighth Circuit Court of Appeals in St. Louis may attempt to answer.
Securities clearing and settlement firm COR Clearing LLC has appealed a Nebraska District Court’s denial of…
SEC Argues for Broad Construction of Dodd-Frank Act Whistleblower Anti-Retaliation Provision
By Jackson Lewis P.C. on
In the wake of recent SEC pronouncements about huge numbers of whistleblower complaints in the pipeline, one of the most hotly contested issues under the Dodd-Frank Wall Street Reform and Consumer Protection Act “Dodd Frank Act”) has been the question of whether the Dodd Frank Act’s whistleblower anti-retaliation provision protects only those individuals who report…
5th Circuit Skirts Extraterritoriality Issue Under SOX
By Joseph C. Toris & Jackson Lewis P.C. on
The U.S. Court of Appeals for the Fifth Circuit in Villanueva v. Core Laboratories, NV recently held that an individual employed by a foreign subsidiary of a publicly traded company did not engage in protected activity under the Sarbanes-Oxley Act because his complaints focused on violations of Colombian law, not violations of any…