Proskauer - Whistleblowing & Retaliation

OSHA Releases Interim Dodd-Frank Whistleblower Regulations

OSHA recently released the interim final text of regulations implementing the whistleblower protection provision (Section 1057) in Dodd-Frank. The interim final regulations establish the timing and processes for handling…more

| Administrative Law, Civil Procedure, Labor & Employment Law, Finance &...

First-Ever SEC Bounty Winner Receives Additional Payout

The SEC Office of the Whistleblower recently announced that the first-ever whistleblower award under the Dodd-Frank Whistleblower Program will be increased by $150,000 based on additional assets the SEC collected from one the…more

| Civil Remedies, Labor & Employment Law, Securities Law

$53 Million Paid To IRS Whistleblowers in 2013

As reported by The Washington Post, on April 4, 2014, the IRS issued its “Fiscal Year 2013 Report to the Congress on the Use of Section 7623” revealing that it paid whistleblowers $53 million in 2013. The agency said that it…more

| Taxation

N.J. Court Sends Dodd-Frank Whistleblower Claim To Arbitration

The U.S. District Court for the District of New Jersey recently held that the Dodd-Frank Act does not operate retroactively to bar pre-dispute arbitration agreements, and thus required a plaintiff to arbitrate his Dodd-Frank…more

| Alternative Dispute Resolution (ADR), Civil Procedure, Civil Rights,...

Illinois Whistleblower Awarded $3 Million Following Jury Trial

In what appears to be an alarming trend for employers, the Chicago Tribune recently reported that a former Chicago State University employee was awarded $3 million after a Cook County, Illinois jury found that the University…more

| Civil Remedies, Education, Labor & Employment Law

SEC Scrutinizing Contractual Impediments to Whistleblower Complaints

Sean McKessy (“McKessy”), the Securities and Exchange Commission’s (“SEC”) whistleblower chief, cautioned in-house attorneys who draft contracts incentivizing employees to report securities fraud complaints in-house rather than…more

| Commercial Law & Contracts, Labor & Employment Law, Securities Law

$6 Million SOX Whistleblower Verdict In California

On March 5, 2014, a California jury awarded $6 million to a former accounting executive at Playboy Enterprises Inc. (the “Company”), finding that the Company discharged the former employee in violation of Section 806 of SOX. The…more

| Art, Entertainment, & Sports Law, Civil Remedies, Labor & Employment Law

Story Behind $14M Whistleblower Bounty Award Begins To Surface

On November 19, 2013, we reported on a record-breaking $14 million whistleblower bounty payout by the SEC. Earlier today, the Wall Street Journal reported that this award arose from an alleged “Chicago-based scheme to defraud…more

| International Law & Trade, Securities Law

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