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: Legal Pad | LAAppeals decision defines requirements for Sarbanes Oxley whistleblower cases
By Richard Binder
The Ninth U.S. Circuit Court of Appeals ruled last Thursday that whistleblowers must show only that they called attention to what they believed was fraud in order to sue their employers for wrongful termination under the Sarbanes Oxley Act.
The court also made it clear that the plaintiffs in Van Asdale v. International Game Technology can use confidential information in their lawsuit.
Shawn Van Asdale and his wife, Lena Van Asdale, served as intellectual property lawyers for IGT between 2001 and 2004. They contend they were terminated for reporting possible shareholder fraud in connection with IGT's merger with Anchor Gaming.
In a 2007 statement, IGT said an independent review found the allegations to be "entirely without merit."
Full post as published by Legal Pad | LA on August 17, 2009 (boomark / email).
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