Corporate Whistleblower Archives

American Banker Quotes Whistleblower Attorney Jason Zuckerman About Wells Fargo Whistleblower Cases

In an article titled Unprotected: How the feds failed two Wells Fargo whistleblowers, American Banker quotes leading whistleblower lawyer Jason Zuckerman about the challenges that some Wells Fargo whistleblowers have encountered pursuing retaliation claims. The article discusses SOX whistleblower claims brought by two former Wells Fargo retailer bankers alleging that they suffered retaliation for disclosing … Continued

Corporate Whistleblower Lawyer Quoted in National Law Journal Article About Wells Fargo SOX Whistleblower Cases

A National Law Journal article titled “Wells Fargo’s Whistleblower Problem Could Grow Substantially” quotes leading whistleblower lawyer Jason Zuckerman about Sarbanes-Oxley whistleblower retaliation cases brought against Wells Fargo. The article reports that Wells Fargo disclosed in a 10-Q filing that there are “multiple single plaintiff Sarbanes-Oxley Act complaints and state law whistleblower actions filed with the Department of … Continued

Corporate Counsel Article Highlights Increase in Whistleblower Claims

An article in Corporate Counsel titled “Ride the Whistleblower Wave” discusses the increase in whistleblower litigation and quotes whistleblower attorney Jason Zuckerman about recent developments under whistleblower rewards and whistleblower retaliation laws. The articles quotes Zuckerman’s prediction that the recent record-setting verdict in the Wadler Sarbanes-Oxley whistleblower case earlier this year will spur additional SOX whistleblower litigation by … Continued

Sarbanes-Oxley Whistleblower Protection at 15 Years: Promise Unfulfilled

Origin of Sarbanes-Oxley Whistleblower Provision Fifteen years ago, the U.S. economy suffered massive job losses and fell into a recession due to corporate accounting fraud. When Congress investigated the collapse of Enron and WorldCom, it found that courageous whistleblowers, most notably, Sherron Watkins and Cynthia Cooper, tried to warn management of the fraud. Senior leadership … Continued

Whistleblower Law Firm Publishes Sarbanes-Oxley Whistleblower Guide on 15th Anniversary of Sarbanes-Oxley Act

On the fifteenth anniversary of the Sarbanes-Oxley Act (SOX), leading whistleblower law firm Zuckerman Law is releasing a free guide to the SOX whistleblower protection law: “Sarbanes-Oxley Whistleblower Protection: Robust Protection for Corporate Whistleblowers.” The guide summarizes SOX whistleblower protections and offers concrete tips for corporate whistleblowers based on lessons learned during years of … Continued

Wells Fargo Whistleblower Prevails in OSHA Investigation of Retaliation Claims

The U.S. Department of Labor (DOL) has ordered Wells Fargo to reinstate and pay approximately $577,500 damages to a former branch manager in Pomona who was terminated for complaining about salespersons creating unauthorized accounts to meet unrealistic sales targets. This is the second Occupational Safety and Health Administration (OSHA) order in 2017 ruling for … Continued

Shkreli Trial Reveals the Challenges Faced by Compliance Whistleblowers

In September 2015, Martin Shkreli became infamous after his company purchased the rights to an AIDS drug (Daraprim) and increased its price from $13.50 per pill to $750 per pill. This price gouging quickly earned Shkreli the title as “the most hated man in America.” Only a few months later, however, Shkreli got a … Continued

Can Whistleblowers Disclose Secret Recordings to the SEC?

Many companies ban employees from making audio or video recordings in the workplace. Companies argue that these policies promote employee communication without the fear of being recorded. However, are these policies lawful? Can corporate whistleblowers provide recordings evidencing fraud to the SEC notwithstanding these policies? Taping and Disclosing Information to the SEC Can be Protected … Continued

Comey’s Testimony Underscores Need for Strong Whistleblower Protections

For me, the most telling moment of former FBI Director Jim Comey’s June 8th testimony occurred early in the hearing, when Mr. Comey choked up as he recalled the White House’s publicly stating that the President had fired him because the “FBI was in disarray.” This emotional display seemed out of character for Mr. Comey. … Continued

Sarbanes-Oxley Whistleblower Decision Clarifies Broad Scope of Protected Whistleblowing

A recent decision from the U.S. District Court for the Southern District of New York clarifies the broad scope of protected whistleblowing under the Sarbanes-Oxley Act (“SOX”). In Murray v. UBS Securities, LLC, the court held that: To be protected under SOX, an employee-whistleblower need only prove that he or she “reasonably believed” that his … Continued

Whistleblower Attorney Dallas Hammer Interviewed by Bloomberg About Dodd-Frank Protected Whistleblowing

Bloomberg Law Securities Law Daily interviewed whistleblower attorney Dallas Hammer about the scope of protected whistleblower under the Dodd-Frank Act for an article titled High Court Petitioned on Whistle-Blower Retaliation Issue. The article reports that Digital Realty Trust is requesting Supreme Court review of a Ninth Circuit decision holding that the Dodd-Frank Act protects internal whistleblowing. The Ninth Circuit’s decision is … Continued

Sarbanes-Oxley Protects Disclosures About Inadequate Information Security Controls

SOX Whistleblower Defeats Motion to Dismiss On March 30, 2017, a Florida district court denied Tyco International Management Company’s (Tyco) motion to dismiss a Sarbanes-Oxley (SOX) retaliation claim brought by its former Manager of Financial Reporting, Carolina Thomas. According to the order, Thomas raised concerns to Tyco’s management about: (1) the falsity and inadequacy of … Continued