After the Enron and Worldcom scandals, Congress passed the Sarbanes-Oxley Act, which requires corporations to certify their financial records, and increases penalties for corporations that falsify their financial records. The best source of information about what a company is actually doing or not doing is often its own employees, and the government has assured that an employee can provide such information without risking the loss of his or her job.

Corporate whistleblowers are private individuals who report corporate violations of federal laws, like the Sarbanes-Oxley Act, to government officials.  These allegations are filed under seal through the False Claims Act, and are confidentially protected while the Justice Department investigates the claims.  If a corporate whistleblower fears that a corporation will retaliate against him or her for reporting misconduct, that corporate whistleblower is protected by the Occupational Safety and Health Administration (OSHA).  Corporate whistleblowers should contact a whistleblower law firm for advice before reporting corporate misconduct to the Securities and Exchange Commission. Whistleblower lawyers are available to prevent employer retaliation.

Corporate Whistleblower Protection

Corporate whistleblowers are protected if they engaged in a “protected activity” when blowing the whistle.  The Department of Labor interprets “protected activity” to include providing information, causing information to be provided, and assisting in an investigation on any type of fraud or violation of the Sarbanes-Oxley Act, SEC regulation, or federal securities law.  If an employer retaliates against a corporate whistleblower by reducing hours, reducing pay, denying promotion, terminating employment, or reassigning a corporate whistleblower, the corporate whistleblower is entitled to file a retaliation claim with OSHA.

Corporate Whistleblower Law Firm

If you are a potential corporate whistleblower with information about violations of the Sarbanes-Oxley Act or any federal regulation, you could be entitled to file a lawsuit under a qui tam provision of the False Claims Act, and obtain up to 15-30% of the damages awarded by a judge.  Additionally, corporate whistleblowers are protected against retaliatory behavior by their employers.  Contact the whistleblower attorneys at the corporate whistleblower law firm of Bernstein Liebhard today for a confidential free claim evaluation.

Published November 17, 2011 by