Avoiding Companies from Sidestepping Whistleblower Regulations

Numerous enforcement actions have happened because those at the OCIE have examined the codes of principles, compliance handbooks, and work and severance arrangements of a variety of business. A partial listing of the actions consists of the following:

September 2016: Anheuser-Busch InBev was declared to be in the offense of Rule 21F-17(a) because it restrained a whistleblower who reported misbehavior including the Foreign Corrupt Practices Act. The overall quantity paid by the company relating to all accusations was $6 million.

August 2016: Health Net, Inc., a medical insurance company based in California, was accused of needing staff members who were leaving the company to sign severance arrangements, requiring them to waive their rights to financial awards gotten under the SEC Whistleblower Program. Health Net paid a charge of $340,000.

August 2016: BlueLinx Holdings, Inc., an Atlanta-based supplier of structure items, paid a $265,000 charge to settle accusations that it breached securities whistleblower laws. The company was accused of needing staff members who leave the company to sign severance contracts that waived their rights to any financial awards they may get if they brought a federal whistleblowing case.

April 2015: the very first enforcement action for breaking the whistleblower securities defined in Dodd-Frank was performed versus KBR, Inc., a procurement, engineering, and building company. KBR consented to pay $130,000 without confessing misbehavior.

As a part of these enforcement actions, the OCIE has likewise taken actions that are focused on fixing the circumstance:

Needing business to modify all employee-related files to make sure none contravene whistleblower security statutes, and to keep the files in compliance with the laws moving forward.

Offering all staff members discover that they can call the SEC or other authorities about whistleblowing actions and efforts to limit their whistleblowing rights.

Contacting previous workers who signed limiting arrangements to notify them that the company does not disallow them from pursuing whistleblowing awards or from interacting with the SEC.

If you think you have signed an illegally-restrictive contract, we at the Louthian Law Firm hope that you will step forward.

Making a Distinction

If you think you have the truths had to bring a whistleblower case, the skilled whistleblower lawyers at the Louthian Law Firm can evaluate your case and help you submit the suitable disclosure declaration. Under some situations, the federal government will step in, or participate in your suit.

Your possibilities of prospering are higher if your whistleblower claim is substantive, clear, and to the point. Because of this, consulting with a certified whistleblower lawyer can increase your opportunities of winning. The Louthian Law Firm can help you form your claim so that the federal government will be more likely to intervene in your case; federal government intervention can often increase the opportunities of recuperating benefit money. Even if the federal government chooses not to step in, it might still be a smart idea to pursue your case without federal government participation. Our strong support group can assist you through every action of the procedure.