On February 5, 2018, U.S. District Court for the Southern District of New York granted Defendant Khan Funds Management America, Inc.’s Rule 12(b)(6) motion to dismiss a whistleblower retaliation claim under Dodd-Frank on the...more
On November 30, 2017, the SEC Office of the Whistleblower issued a bounty award of more than $16 million to two tipsters; each received an award of more than $8 million. The SEC denied awards to five other claimants....more
The Northern District of New York recently denied a Rule 12(b)(6) motion to dismiss a former employee’s Dodd-Frank whistleblower retaliation claim, finding that the plaintiff sufficiently alleged that he had an objectively...more
On June 7, 2017, the U.S. District Court for the Northern District of Illinois dismissed a whistleblower retaliation claim under the Dodd-Frank Act because the plaintiff failed to report his complaint of alleged securities...more
On March 1, 2017, the District of Maryland dismissed a Dodd Frank whistleblower retaliation claim because the plaintiff failed to allege that he had complained directly to the SEC about a violation of securities laws, and...more
In Westawski v. Merck & Co., No. 14-cv-3239 (E.D. Pa. Oct. 18, 2016), the Eastern District of Pennsylvania granted Defendant Merck & Co. (Company) summary judgment on Plaintiff Joni Westawski’s (Plaintiff) SOX whistleblower...more
10/31/2016
/ Adverse Employment Action ,
Anti-Retaliation Provisions ,
Dodd-Frank ,
Fraud ,
Hiring & Firing ,
Internal Controls ,
Mail Fraud ,
Market Research ,
Merck ,
Protected Activity ,
Retaliation ,
Sarbanes-Oxley ,
Securities ,
Securities Fraud ,
Securities Violations ,
Summary Judgment ,
Termination ,
Whistleblower Protection Policies ,
Whistleblowers ,
Wire Fraud
On August 24, 2016, the Southern District of New York denied Defendants’ motion to dismiss a Dodd-Frank whistleblower retaliation claim brought by its former co-CEO and Executive Chairman of its Board of Directors, finding...more
9/26/2016
/ Corporate Counsel ,
Disclosure Requirements ,
Dodd-Frank ,
Federal Rule 12(b)(6) ,
Form 10-K ,
Hiring & Firing ,
Misrepresentation ,
Motion to Dismiss ,
Retaliation ,
Sarbanes-Oxley ,
Securities ,
Securities Fraud ,
Securities Violations ,
Termination ,
Whistleblowers
On August 25, 2016, the Eastern District of Wisconsin granted the Defendant’s Motion for Summary Judgment on its former CEO’s SOX whistleblower claim. The court ruled that Plaintiff’s complaint to the Board of Directors did...more
On June 22, 2016, Judge Daniels of the Southern District of New York dismissed SOX and Dodd-Frank whistleblower claims, ruling that Plaintiff’s alleged internal complaints did not constitute protected activity, as they did...more
6/29/2016
/ Conflicts of Interest ,
Corporate Counsel ,
Dismissals ,
Dodd-Frank ,
Employee Transfers ,
Federal Rule 12(b)(6) ,
Internal Reporting ,
Protected Activity ,
Retaliation ,
Sarbanes-Oxley ,
Securities Violations ,
Whistleblowers
On November 5, 2015, the District of Kansas dismissed a whistleblower retaliation claim under Dodd-Frank, ruling that the statute’s anti-retaliation provision only protects individuals who report securities violations. Azim...more