In This Issue:
- SEC at odds with Siemens over whether whistleblower protections extend to employees who report wrongdoing directly to their companies
- Fourth Circuit decision tolling False Claims Act statute of limitations leaves government contractors vulnerable to whistleblower claims
- Government seeks to limit First Amendment application to False Claims Act under Caronia
- Excerpt from SEC at odds with Siemens over whether whistleblower protections extend to employees who report wrongdoing directly to their companies:
The U.S. Securities and Exchange Commission (“SEC”) is seeking to expand the definition of a corporate whistleblower to protect employees who report company wrongdoing through internal compliance programs.
The move comes in the form of an amicus brief filed by the SEC in the Siemens China Ltd. case. Brief for the Securities and Exchange Commission as Amicus Curiae Supporting Appellant, Meng-Lin Liu v. Siemens, A.G., 2014 WL 663875 (2d Cir. Feb. 20, 2014) (No. 13-4385). In this case, the company terminated a former compliance officer after he reported alleged compliance issues internally, and the employee only then reported the possible Foreign Corrupt Practices Act (“FCPA”) violations to the SEC. The employee subsequently brought an action in the U.S. District Court for the Southern District of New York against Siemens under the Anti-Retaliation Provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act claiming the illegal retaliation.
Please see full publication below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: False Claims Act, Fraud, SEC, Siemens, Whistleblower Protection Policies, Whistleblowers, White Collar Crimes
Published In: General Business Updates, Constitutional Law Updates, Criminal Law 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.
© Saul Ewing LLP | Attorney Advertising