Ruling in a closely watched test case of a new corporate whistleblower law, a federal Labor Department judge has ordered a Virginia bank to reinstate a former employee who questioned its accounting practices. The judge ordered Cardinal Bankshares Inc. to reinstate its former chief financial officer, David Welch, and pay him nearly $65,000 in back pay and damages. Last year Welch became the first person to win protection as a whistleblower under the Sarbanes-Oxley Act.
February 23, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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