Sarbanes-Oxley (SOX) Whistleblower Retaliation Lawyer
Whistleblower actions under the Sarbanes-Oxley Act of 2002, is often referred to as a SOX action. If you believe you can blow the whistle on a SOX violation, call Villanueva & Sanchala, PLLC at 800-893-9645. Our attorneys have substantial legal experience litigating and trying cases.What is the Sarbanes-Oxley Act?
In 2002 Congress enacted the Sarbanes-Oxley Act which encouraged whistleblowers to come forward and report corporate fraud in publicly traded companies. It created a layer of civil and criminal protection for the whistleblowers to help ensure their employers would not retaliate against them.
Whistleblowing employees who suffer from retaliation can file a complaint with the Secretary of Labor within 180 days of becoming aware of the retaliatory action.
Under Sarbanes-Oxley, it is a federal crime to knowingly retaliate against an employee for disclosing truthful information to law enforcement.What Kind of Cases can be Filed Under the Sarbanes-Oxley Act?
Some examples include:
- reporting fraudulent activity against shareholders,
- reporting accounting fraud,
- reporting deficient internal company controls to senior management regarding fraud,
- reporting an employer’s improper entries on financial statements,
- reporting backdating of certain transactions, use of unregistered brokers in certain situations
A SOX whistleblower is protected from being demotion, terminated, or suspended. They must also be kept free from threats, intimidation, and harassment.
If you are an insider of a privately traded that is violating the Sarbanes-Oxley, call Villanueva & Sanchala, PLLC for your confidential consultation at 800-893-9645. If our attorneys believe your case has merit, we will investigate, evaluate and prosecute your claim.