A law that was designed to protect corporate whistleblowers has instead produced robust victories for employers. Statistics show that about 1,000 whistleblower claims have been filed under the Sarbanes-Oxley Act of 2002, but only 17 have been found to have merit, and only six of those have kept their wins. Plaintiffs attorney Jason Zuckerman voices the feelings of many attorneys when he calls the retaliation provision a "major disappointment," but managment-side lawyers say the law is working fine.
October 31, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A law that was designed to protect whistleblowers who reveal corporate fraud has produced robust victories for employers, which have plaintiffs lawyers and employee-rights advocates reeling.
Since the passage of the Sarbanes-Oxley Act of 2002 — which offers corporate whistleblowers protection from retaliation — about 1,000 claims have been filed, but only 17 have been found to have merit, according to U.S. Department of Labor statistics.
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