LAW BLOG | ARTICLES

Search
  • Robinson Law Office PLLC

Employment Law | Whistle-Blower Protections Reduced

By Meagan Bainbridge, Weintraub, Tobin, Chediak, Coleman, Grodin Law Corporation


On February 21, 2018, in Digital Realty Trust, Inc. v. Somers, the United States Supreme Court significantly reduced the protections of corporate whistleblowers reporting violations of securities laws under the Dodd-Frank Wall Street Reform and Consumer Protection Act. When it was enacted in 2010, Dodd-Frank included an anti-retaliation provision protecting whistleblowers from facing an adverse action (e.g., termination) as a result of their complaints.  That provision defined a “whistleblower” as “any individual who provides . . . information relating to a violation of the securities laws to the Commission, in a manner established, by rule or regulation, by the Commission.” (15 U. S. C. §78u–6(a)(6).)  While other Courts and the SEC have interpreted the language to extend to complaints made internally, the Supreme Court’s decision clarified that statute only “shields employees . . . as soon as they also provide relevant information to the Commission.” Going forward, while there may be protections under other federal or state law protecting corporate whistleblowers making complaints under the Dodd-Frank Act, complaints must be made to the SEC to receive protection under the Act.

CALL US

Tel: 813-613-2400 | Fax: 727-362-1979

EMAIL US
VISIT US

695 Central Avenue Ste. 264 

St. Petersburg, FL 33701

OUR PHILOSOPHY:

Personalized Representation. A Creative Approach to Solving Problems in the Short-Term and on a Long-Term Basis. 

OUR SERVICES:
FOLLOW US:

- Accounting

- Bookkeeping

- Tax Preparation

- Contract Disputes 

- Corporate Formation

- Negotiation & Litigation 

- Business Entity Counseling
- Contract Preparation/Review 

 

  • Facebook - Grey Circle
  • LinkedIn - Grey Circle
  • Twitter - Grey Circle
  • Google+ - Grey Circle

© 2018 All rights reserved to: Robinson Law Office PLLC | Designed by: Impeccably IT