The Securities and Exchange Commission has been busily fielding whistleblower complaints in the year since Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. And with the agency poised to release hotly anticipated final rules on the law’s implementation, a Manhattan federal judge has issued what appears to be the first decision to address anti-retaliation provisions of Dodd-Frank’s whistleblower provisions.
In a 26-page decision last week, Southern District Judge Leonard Sand dismissed much of a seven-month-old whistleblower suit filed by Patrick Egan, a former employee of a company called TradingScreen Inc. But Judge Sand ruled that the ex-employee could amend his complaint, finding that he sufficiently pleaded that he acted with the company’s outside lawyers from Latham & Watkins in an effort to inform the SEC about alleged misconduct by TradingScreen’s chief executive officer.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
