In a closely watched case that has tested Sarbanes-Oxley protection for corporate whistleblowers, the 4th Circuit has upheld a Southwest Virginia bank’s refusal to reinstate a CFO who filed one of the nation’s first whistleblower claims under the 2002 Act.
David Welch claimed that Cardinal Bankshares – a holding company for the Bank of […]
Entries Tagged as 'Sarbanes-Oxley'
SOX whistleblower claim rebuffed
August 6th, 2008 · No Comments · 4th Circuit, Sarbanes-Oxley
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No SOX shelter for bouncing your boss
March 25th, 2008 · No Comments · Sarbanes-Oxley
Here is today’s tip for a happy workplace: Don’t threaten to have police remove the company HR director, your superior, from a company-funded holiday lunch.
If you do deny admission to the festivities, don’t expect Sarbanes-Oxley to provide protective cover if you’re fired.
In Livingston v. Wyeth Inc., a 4th Circuit case reported March 24, plaintiff Mark […]
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Court dismisses fraud suit based on SOX Certifications
October 11th, 2007 · No Comments · Sarbanes-Oxley, Securities fraud
An Alexandria federal district court has dismissed a securities fraud suit against two former executives who allegedly published false financial information despite knowing about their company’s “lax internal controls” and “dysfunctional accounting systems.”
A class of disappointed investors sued BearingPoint Inc., formerly KPMG Consulting LLC, its former president and CEO Randolph Blazer and former vice president […]
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