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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-02-12T21:35:00
The Supreme Court’s unanimous decision Thursday to reaffirm whistleblower protections under the Sarbanes-Oxley Act (SOX) in a case involving UBS has wide ramifications in many other industries beyond financial services, legal experts told Compliance Week.
The case, Murray v. UBS Securities, saw the court rule whistleblowers don’t have to prove they were terminated because of “retaliatory intent”—a precedent that broadly impacts corporate internal reporting cases in favor of whistleblowers.
“This ruling goes way beyond SOX,” said Gordon Schnell, partner with whistleblower law firm Constantine Cannon. The court’s decision referenced other whistleblower protection laws besides SOX, he said, including laws covering whistleblowing by civil servants and employees in the aviation, food, pharmaceuticals, auto safety, consumer product, and energy industries.
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2024-03-07T21:07:00Z By Jeff Dale
Deputy Attorney General Lisa Monaco said the Department of Justice will look to fill gaps in its whistleblower procedures with the launch of a 90-day sprint toward a DOJ-led pilot whistleblower reward program.
2024-02-09T20:27:00Z By Jeff Dale
The Supreme Court reaffirmed whistleblower protections guaranteed under the Sarbanes-Oxley Act in a unanimous decision expected to set a precedent that impacts all corporate internal reporting cases.
2024-01-11T16:39:00Z By Kyle Brasseur
The U.S. Attorney’s Office for the Southern District of New York took its efforts to encourage voluntary self-disclosure a step further with the launch of a whistleblower pilot program for individuals involved in nonviolent offenses.
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The Consumer Financial Protection Bureau is warning companies against intimidating potential whistleblowers by forcing them to sign broad nondisclosure agreements to deter misconduct from coming to light.
2024-07-19T16:20:00Z By Aaron Nicodemus
A whistleblower will be paid $37 million by the Securities and Exchange Commission for providing original, credible information that led to a successful enforcement action.
2024-07-16T16:48:00Z By Aaron Nicodemus
Anonymous employees of OpenAI accused the company of requiring employees to sign nondisclosure agreements (NDAs) that “prohibited and discouraged” them from reporting securities law violations to federal regulators.
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