In late June, a federal court ruled that extraterritorial (outside the U.S.) whistleblowing activity was not covered by the anti-retaliation whistleblower provisions of Dodd-Frank. This week, however, another federal court expanded whistleblower protections when it held that the Dodd-Frank amendment to Section 806 of Sarbanes-Oxley that expressly protects employees of subsidiaries of public companies (i.e., not just “employees of publicly traded companies,” as stated in SOX) applies retroactively.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn