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"Supreme Court limits definition of ‘whistleblower’ in potentially hollow victory for public companies" by Christopher F. Regan, Thomas A. Sporkin, and Matthew E. Newman (Westlaw)

Bank & Lender Liability

Christopher F. Regan, Thomas A. Sporkin, Matthew E. Newman

On February 21, the U.S. Supreme Court issued its opinion in Digital Realty Trust, Inc. v. Somers, a long-anticipated case that clarifies who is protected as a “whistleblower” under the Dodd-Frank Act’s anti-retaliation provisions

In a unanimous decision penned by Justice Ginsburg, the Court held that the Dodd-Frank Act protects an individual only if he or she has reported a securities law violation to the U.S. Securities & Exchange Commission (SEC) — internal reports are not sufficient.

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Originally published in Bank & Lender Liability; reprinted with permission.

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