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.

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