8th Circuit to Determine Scope of Dodd-Frank Whistleblower Claim

The United States District Court for the District of Nebraska has certified a question for interlocutory appeal to the Eighth Circuit in the case of Bussing v. COR Clearing, LLC (8:12-cv-238). The question involves whether improper conduct has to be reported to the SEC to qualify for anti-retaliation whistleblower protection under the Dodd-Frank Act. You can find the defendant’s brief here and the court order here. The District’s court’s decision was contrary to a ruling of the Fifth Circuit in the Asadi case. You can find our prior discussions about Asadi and similar cases here and here.

Published In: Civil Procedure Updates, Civil Rights Updates, Labor & Employment Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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