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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-02-12T21:35:00
The Supreme Court’s unanimous decision Thursday to reaffirm whistleblower protections under the Sarbanes-Oxley Act (SOX) in a case involving UBS has wide ramifications in many other industries beyond financial services, legal experts told Compliance Week.
The case, Murray v. UBS Securities, saw the court rule whistleblowers don’t have to prove they were terminated because of “retaliatory intent”—a precedent that broadly impacts corporate internal reporting cases in favor of whistleblowers.
“This ruling goes way beyond SOX,” said Gordon Schnell, partner with whistleblower law firm Constantine Cannon. The court’s decision referenced other whistleblower protection laws besides SOX, he said, including laws covering whistleblowing by civil servants and employees in the aviation, food, pharmaceuticals, auto safety, consumer product, and energy industries.
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News and analysis for the well-informed compliance or audit exec.
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2024-03-07T21:07:00Z By Jeff Dale
Deputy Attorney General Lisa Monaco said the Department of Justice will look to fill gaps in its whistleblower procedures with the launch of a 90-day sprint toward a DOJ-led pilot whistleblower reward program.
2024-02-09T20:27:00Z By Jeff Dale
The Supreme Court reaffirmed whistleblower protections guaranteed under the Sarbanes-Oxley Act in a unanimous decision expected to set a precedent that impacts all corporate internal reporting cases.
2024-01-11T16:39:00Z By Kyle Brasseur
The U.S. Attorney’s Office for the Southern District of New York took its efforts to encourage voluntary self-disclosure a step further with the launch of a whistleblower pilot program for individuals involved in nonviolent offenses.
2024-06-20T15:37:00Z By Aaron Nicodemus
A whistleblower received an $8 million award from the Commodity Futures Trading Commission for uncovering fraud—even though the agency deemed the whistleblower was culpable in the misconduct.
2024-05-23T15:35:00Z By Kyle Brasseur
Compliance Week Advisory Board members Eric Young and Ellen Hunt participate in a debate-style discussion regarding whistleblower-related topics including culture of compliance, monetary incentives, retaliation, and more.
2024-04-29T11:39:00Z By Neil Hodge
The European Union’s strong stance on whistleblower protection has been undermined by member states’ wildly different approaches to punishing organizations that fail to safeguard people who raise concerns, says Wirecard whistleblower Pav Gill.
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