Blog Post
Mar 4, 2014
Another Victory for Energy Employers: The Fifth Circuit Limits SOX Whistleblower Suits to Violations of U.S. Federal Law
A One-Two Punch For Employers
Last July, we alerted you to a Fifth Circuit decision that limited the whistleblower protections of the Dodd-Frank Act of 2010. In that case, the court held that Dodd-Frank protects whistleblowers only if they report a securities-law violation directly to the Securities Exchange Commission (“SEC”), as opposed to just making an internal complaint. This month, in Villanueva v. U.S. Department of Labor, the Fifth Circuit published a decision curtailing the reach of whistleblower protections under the Sarbanes-Oxley Act (“SOX”).
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