Second Circuit Affirms Porsche Securities Suit Dismissal; Domestic Transaction Necessary but Not Sufficient to Invoke U.S. Securities Laws

By | The D&O Diary | August 18, 2014
Second Circuit Affirms Porsche Securities Suit Dismissal; Domestic Transaction Necessary but Not Sufficient to Invoke U.S. Securities Laws

On August 16, 2014, in a long-awaited decision that is sure to provoke comment and that could fuel disputes in future cases, the Second Circuit affirmed the dismissal of the securities suits hedge fund purchasers of certain swap agreements had filed against Porsche and its executives.

Second Circuit Holds That Dodd-Frank Act Does Not Protect Whistleblower Outside U.S. Territory

Second Circuit Holds That Dodd-Frank Act Does Not Protect Whistleblower Outside U.S. Territory

Yesterday’s post on the SEC’s whistleblower program discussed among other topics the question of whether the Dodd-Frank Act protects employee whistleblowers from retaliation by their employers where the employees only raise alleged violations of the federal securities laws internally within their companies.