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 Sarbane-Oxley?
Some examples include:
1. reporting fraudulent activity against shareholders,
2. reporting accounting fraud,
3. reporting deficient internal company controls to senior management
4. reporting an employer’s improper entries on financial statements,
5. reporting backdating of certain transactions, use of unregistered
brokers in certain situations
What are some examples of retaliation prohibited under SOX?
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.
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