Federal Court Split Continues Over Who Qualifies As a “Whistleblower” Under Dodd-Frank

By | Employment Law Lookout | January 8, 2015

As we have reported previously, federal courts are currently split on the question of whether the anti-retaliation provisions of the federal Dodd-Frank Act (DFA) apply to employees who disclose their employer’s alleged securities violations to company officials but do not report the claimed violations to the Securities and Exchange Commission (SEC). 

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Court Follows 5th Circuit Asadi Decision, Dismisses Dodd-Frank Whistleblower Claim

Court Follows 5th Circuit Asadi Decision, Dismisses Dodd-Frank Whistleblower Claim

The U.S. District Court for the Eastern District of Wisconsin in Verfuerth v. Orion Energy Systems, Inc., No. 14-cv-352 (E.D. Wis. Nov. 4, 2014) recently ruled that the Dodd-Frank whistleblower protection provision does not protect employees who only report alleged violations of the securities laws internally. 

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California Court Allows Dodd-Frank Whistleblower Claims to Proceed Despite Absence of Complaint to SEC

California Court Allows Dodd-Frank Whistleblower Claims to Proceed Despite Absence of Complaint to SEC

In a case of first impression within the Ninth Circuit, the U.S. District Court for the Northern District of California ruled that the whistleblower protection provision in Dodd-Frank protects whistleblowers who report alleged violations both internally and to the U.S. Securities and Exchange Commission.

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CFTC Goes After Outside Attorney for Aiding and Abetting Violations of Dodd-Frank

CFTC Goes After Outside Attorney for Aiding and Abetting Violations of Dodd-Frank

In the most recent exercise of the Commodity Futures Trading Commission’s expanded enforcement authority under the Dodd-Frank Act, the CFTC filed a Complaint against attorney Jay Bruce Grossman claiming that Grossman aided the fraud of Hunter Wise Commodities and various dealers and intermediaries.

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