The Sarbanes-Oxley Act (SOX), enacted in 2002 in response to a series of highly-publicized financial scandals at some of the country's largest companies, implemented a package of reforms designed to enhance the accuracy and reliability of corporate disclosures for publicly traded companies. These reforms also included significant "whistleblower" protections to encourage corporate executives and employees to report fraud and other financial irregularities at publicly-traded companies.
Our Firm has been at the forefront in using SOX whistleblower protection to protect our clients' rights and achieve their legal goals. For example, in O'Mahony v. Accenture, the Firm recently won a ground-breaking legal ruling extending whistleblower protection under the Sarbanes-Oxley Act to overseas employees of companies listed on U.S. stock exchanges in certain circumstances.
As SOX contains a number of provisions restricting its application, including a 180-day statute of limitations, it is important for employees to seek legal advice immediately after they suffer any acts of retaliation or other adverse action.
Representative Client Engagements
Representative examples of the Firm's client engagements in the field of Sarbanes-Oxley whistleblower protection include:
- During its representation of a former senior executive of the global consulting company Accenture, the Firm won an important legal ruling extending whistle blower protection under the Sarbanes-Oxley Act to overseas employees of companies listed on U.S. stock exchanges in certain circumstances.
- The Firm represents a former JP Morgan Chase banker in a SOX lawsuit accusing the company of retaliating against him after he reported overvalued commercial loans in its real estate loan portfolio as well as past fraudulent conduct by recently-hired former executives of Bear Stearns. Read More