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Retaliation Securities Violations Reporting Requirements

Maynard Nexsen

Unanimous Supreme Court Bolsters Whistleblower Claims

Maynard Nexsen on

On February 8, 2024, the Supreme Court ruled that whistleblowers have a lower hurdle to clear to maintain their retaliation claims, even when they are terminated as a part of a company reorganization. The unanimous decision...more

Polsinelli

SDNY Rejects Director Liability for Sarbanes-Oxley Whistleblower Claims, Creating a Split Among Federal District Courts

Polsinelli on

Public company directors, who are under constant threat of claims, received welcome news earlier this month.  On December 9, 2019, the U.S. District Court for the Southern District of New York ruled that corporate directors...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - Russian

ANTICORRUPTION DEVELOPMENTS – U.S. Agencies Decline to Prosecute Teradata for Alleged FCPA Violations – On February 26, 2018, Teradata Corporation, an Ohio-based enterprise software database management company,...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - Chinese

ANTICORRUPTION DEVELOPMENTS – U.S. Agencies Decline to Prosecute Teradata for Alleged FCPA Violations – On February 26, 2018, Teradata Corporation, an Ohio-based enterprise software database management company,...more

Porter Hedges LLP

Business Litigation Alert: "Supreme Court Clarifies – Dodd-Frank Whistleblowers Must Also Perform for the SEC for Protection"

Porter Hedges LLP on

On February 21, the U.S. Supreme Court issued its opinion in the closely watched whistleblower case Digital Realty Trust, Inc. v Somers. In a unanimous ruling, the Court stated that whistleblowers must report any wrongdoing...more

Patterson Belknap Webb & Tyler LLP

New Limits on Whistleblower Protection: SCOTUS Makes SEC Reporting a Mandatory Requirement

Resolving a Circuit split, the United States Supreme Court unanimously held last week that an employee must report a securities violation to the Securities and Exchange Commission if he wishes to avail himself of the...more

White and Williams LLP

US Supreme Court Narrows Dodd-Frank Act Whistleblower Protections

The US Supreme Court recently resolved a long-standing split amongst the Circuits regarding whether the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) protects both internal and external whistleblowers....more

McDermott Will & Emery

SEC Whistleblower Update

The Supreme Court recently clarified the scope of SEC whistleblower retaliation provisions. Though the decision limits retaliation actions, employers should continue to avoid conduct that can be interpreted as retaliation...more

Vedder Price

Supreme Court Limits Scope of Whistleblower Protections under Dodd-Frank: Items of Note and Potential Impacts

Vedder Price on

On February 21, 2018, the United States Supreme Court (the “Supreme Court”) resolved a circuit split on the question of whether the whistleblower anti-retaliation provision in Section 922 of the Dodd-Frank Wall Street Reform...more

Smith Debnam Narron Drake Saintsing & Myers,...

U.S. Supreme Court Clarifies Scope Of Whistleblower Protections Under Dodd-Frank

On February 21, 2018, in the case of Digital Realty Trust, Inc. v. Somers, the United States Supreme Court unanimously decided that employees who raise internal complaints about possible violation of securities laws are not...more

Blank Rome LLP

Blowing the Whistle Internally Is Not Enough to Be Covered by the Anti-Retaliation Provisions of the Dodd-Frank Act

Blank Rome LLP on

On February 21, 2018, the U.S. Supreme Court issued a much anticipated decision in Digital Realty Trust, Inc. v. Paul Somers that the anti-retaliation protections of the Dodd-Frank Wall Street Reform and Consumer Protection...more

Cooley LLP

Alert: United States Supreme Court Conclusively Narrows Definition of Whistleblower in Dodd-Frank Retaliation Cases

Cooley LLP on

On February 21, 2018, the United States Supreme Court unanimously held that employees must report a violation of securities laws to the Securities and Exchange Commission ("SEC") to be entitled to anti-retaliation,...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - February 2018

ANTICORRUPTION DEVELOPMENTS – U.S. Agencies Decline to Prosecute Teradata for Alleged FCPA Violations – On February 26, 2018, Teradata Corporation, an Ohio-based enterprise software database management company,...more

Sheppard Mullin Richter & Hampton LLP

Supreme Court Resolves Circuit Split on Scope of Whistleblower Protections

On February 21, 2018, the Supreme Court issued a pivotal decision narrowing the definition of a whistleblower under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank,” or the “Act”). In...more

Ballard Spahr LLP

The Definition of a Whistleblower Under the Dodd-Frank Act is Shrinking

Ballard Spahr LLP on

In a unanimous ruling on February 21, the U.S. Supreme Court narrowed the definition of a whistleblower under the Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act)....more

Smith Debnam Narron Drake Saintsing & Myers,...

Guest Post: Supreme Court Clarifies Scope Of Whistleblower Protections Under Dodd-Frank

On February 21, 2018, in the case of Digital Realty Trust, Inc. v. Somers, the United States Supreme Court unanimously decided that employees who raise internal complaints about possible violation of securities laws are not...more

Ballard Spahr LLP

Dodd-Frank protections for consumer financial protection law whistleblowers unchanged by SCOTUS whistleblower decision

Ballard Spahr LLP on

In a unanimous ruling on February 21, the U.S. Supreme Court narrowed the definition of a whistleblower under the Dodd-Frank Act.  This new definition limits the protections available to employees reporting alleged violations...more

K&L Gates LLP

Supreme Court Resolves Debate Over the Scope of the Dodd-Frank Whistleblower Protection Provisions

K&L Gates LLP on

The Supreme Court recently resolved a circuit split affecting employers subject to the anti-retaliation provisions set forth in Section 21F of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”)....more

Locke Lord LLP

Supreme Court Limits Dodd-Frank’s Anti-Retaliation Protections to Individuals Who Report Allegations to the SEC

Locke Lord LLP on

On February 21, 2018, a unanimous Supreme Court issued its decision in Digital Realty Trust, Inc. v. Somers1, definitively settling a circuit court split over whether the anti-retaliation protections of the Dodd-Frank Wall...more

Kramer Levin Naftalis & Frankel LLP

Supreme Court Rules That Dodd-Frank’s Anti-Retaliation Provision Does Not Protect Internal Whistleblowers

The United States Supreme Court decided in Digital Realty Trust, Inc. v. Somers (Feb. 21, 2018) that the anti-retaliation provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) applies only to...more

McCarter & English, LLP

Did The Supreme Court Just Strip Protection From Whistleblowers? Short Answer: No.

On February 21, 2018, the U.S. Supreme Court held that an employee who was fired shortly after he reported suspected securities law violations to senior management in his company was not a “whistleblower” within the meaning...more

Kelley Drye & Warren LLP

Supreme Court Limits Whistleblower Suits Under Dodd-Frank

On February 21, 2018, the Supreme Court released its Opinion in Digital Realty Trust, Inc. v. Somers, 583 U.S. ___ (“Digital Realty”). Digital Realty clarifies the limited instances where a purported whistleblower can claim...more

McGuireWoods LLP

Supreme Court Holds Internal Complainants Are Not Dodd-Frank Whistleblowers

McGuireWoods LLP on

In an important case clarifying the scope of the anti-retaliation provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the U.S. Supreme Court held on Feb. 21, 2018, that the law unambiguously requires...more

Pillsbury Winthrop Shaw Pittman LLP

SCOTUS: Whistleblowers Must Report Out to the SEC or No Dodd-Frank

Rejecting contrary SEC regulation, Court holds that Dodd-Frank does not protect whistleblowers who report up internally but do not report out to the SEC. Supreme Court resolves circuit split over Dodd-Frank Act’s...more

Thomas Fox - Compliance Evangelist

Whistleblowers at the Supreme Court: Part II – Impact of the Somers Decision

Last week the US Supreme Court issued its decision in Digital Realty Trust v. Somers (Somers). It was a closely watched case in the compliance community. Yesterday, I reviewed the Court’s decision. ...more

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