The Department of Labor Administrative Review Board’s decision in Dietz v. Cypress Semiconductor Corp., establishes important precedent on the broad scope of protected whistleblowing under the whistleblower provision of the Sarbanes-Oxley Act and clarifies the standard for proving constructive discharge.
Dietz’s SOX Whistleblower Case
Dietz brought suit under the SOX whistleblower law, alleging that Cypress constructively discharged him in retaliation for disclosing to James Nulty, a Sen...
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Month: April 2016
$10 Million Whistleblower Reward by U.S. Commodity Futures Trading Commission
The U.S. Commodity Futures Trading Commission (CFTC) announced on April 4, 2016 that it awarded over $10 million to a whistleblower. This is the largest award made by the CFTC’s Whistleblower Program.
The development serves as an important reminder. Companies are generally aware of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the protections and incentives it provided to whistleblowers, but they perceive Dodd-Frank as an extension of the SEC. This CFT...
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