Appeals Court: Whistleblowers Don’t Have to Call the SEC
Sep.10.2015 — The Wall Street Journal
Washington, D.C.-based Labor & Employment Group partner, Thomas P. Gies, discusses with The Wall Street Journal the new ruling by the Second U.S. Circuit Court of Appeals on corporate whistle blowers. The ruling allows corporate whistleblowers to be protected by retaliation provisions when they initially report the possible wrongdoing to their employer and not the U.S. Securities and Exchange Commission. However, "some companies have been reluctant to go along with the SEC's view for fear that it would lead to more retaliation claims," Gies said.