The VLW Blog

Employers got some good news Dec. 3 when the 4th U.S. Circuit Court of Appeals released two Sarbanes-Oxley decisions that favored the businesses.
In the first case, Platone v. U.S. Dep’t of Labor, former airline official Stacy Platone appealed the Department of Labor’s reversal of her whistleblower award, one of the few whistleblower wins since SOX [...]

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In a closely watched case that has tested Sarbanes-Oxley protection for corporate whistleblowers, the 4th Circuit has upheld a Southwest Virginia bank’s refusal to reinstate a CFO who filed one of the nation’s first whistleblower claims under the 2002 Act.
David Welch claimed that Cardinal Bankshares – a holding company for the Bank of [...]

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Here is today’s tip for a happy workplace: Don’t threaten to have police remove the company HR director, your superior, from a company-funded holiday lunch.
If you do deny admission to the festivities, don’t expect Sarbanes-Oxley to provide protective cover if you’re fired.
In Livingston v. Wyeth Inc., a 4th Circuit case reported March 24, plaintiff Mark [...]

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An Alexandria federal district court has dismissed a securities fraud suit against two former executives who allegedly published false financial information despite knowing about their company’s “lax internal controls” and “dysfunctional accounting systems.”
A class of disappointed investors sued BearingPoint Inc., formerly KPMG Consulting LLC, its former president and CEO Randolph Blazer and former vice president [...]

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