September 11, 2015
Erika Kelton in Bloomberg, 9/11/15.
The bigger issue, the court found, was that those working in finance — as well as attorneys — have a duty to report suspected wrongdoing internally before going to the SEC. The duty shouldn’t pre-empt a retaliation suit, the court said.
Erika Kelton, an attorney at Phillips & Cohen LLP who represents whistle-blowers, called the ruling a positive step.
“Whistle-Blower Win, Justice Targets, Reverse Mergers: Compliance.”