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Corporate & Securities Law
: Jim Hamilton's World of Securities RegulationBy Jim Hamilton
The Department of Labor properly affirmed an administrative review board's dismissal of a whistleblower claim under Sarbanes-Oxley Act Section 1514A. The employee, who reported alleged accounting improprieties by his employer, Intel Corp., to the SEC did establish a prima facie case of retaliatory behavior. However, the review board found, and the Labor Department properly affirmed, that Intel rebutted the presumption of improper conduct by presenting sufficient evidence of performance-related causes for the termination.
The appellate panel's decision was unpublished.
Halloum v. Dept. of Labor
Full post as published by Jim Hamilton's World of Securities Regulation on January 15, 2009 (boomark / email).
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