Second Circuit Limits Extraterritorial Reach of Dodd-Frank Act, Declines to Address Who Qualifies as a “Whistleblower”

Part of the purpose of the Dodd-Frank Wall Street Reform & Consumer Protection Act (“Dodd-Frank Act”) is to protect whistleblowing employees from retaliation. But does the Dodd-Frank Act apply when that employee is a foreign national, working abroad, for a foreign corporation? On August 14, 2014, the Second Circuit issued its decision in Liu v. Siemens AG, No. 13-4385-cv, 2014 WL 3953672, concluding that it does not. 

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