A federal appeals court on Monday revived a former JPMorgan Chase & Co. private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud. The 2nd U.S. Circuit Court …
U.S. Attorney General Eric Holder last Wednesday called for Congress to take steps to help prosecutors build criminal cases against senior Wall Street executives, saying companies often insulated their leaders from responsibility for misconduct. In a speech before New York …
U.S. Supreme Court justices on Tuesday signaled they may have some difficulty deciding whether employees at private firms that contract with public companies are subject to whistleblower protections. The justices appeared conflicted as they considered whether two whistleblowers are legally …
In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies. Two Fidelity whistleblowers asked the court …
When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That this question still arises …
Corporations’ internal control over financial reporting has “significantly or moderately improved” in the 10 years since the Sarbanes-Oxley Act (SOX) became law, according to a majority of executives surveyed by the consulting firm Protiviti. “Sarbanes-Oxley has had its share of …
Any U.S. corporate executives who think they can use the Jobs Act’s relaxed rules for public listing to cut corners on accounting and disclosure may want to think again. The Act, signed into law by President Barack Obama last Thursday, …
A U.S. law protecting whistleblowers at publicly traded companies does not cover employees of mutual funds, a federal appeals court ruled on Friday in a case involving two former Fidelity Investments employees. The U.S. Court of Appeals for the 1st …
Whistleblower protections in a federal accounting law do not cover leaks to the media, a U.S. appeals court has ruled, dealing a blow to two former Boeing auditors who had sued the company. Nicholas Tides and Matthew Neumann were fired …
Accountants at the U.S. securities regulator are recommending that medium-size public companies should not be exempted from a key auditing provision in the 2002 Sarbanes-Oxley Act, saying the benefits to investors outweigh the cost. In a new study by the …
