The Securities and Exchange Commission recently announced that it had levied a $265,000 penalty against an Atlanta-based company, claiming the company’s severance agreements undercut its whistleblower program. By signing the severance agreements, outgoing employees agreed to waive recovery of potential whistleblower awards. According to the SEC, these severance agreements violated Rule 21F-17, which prohibits impeding someone from telling the SEC about possible securities law violations.
Published: August 15, 2016
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Published: February 16, 2016
On February 4, 2016, the United States Court of Appeals for the Sixth Circuit rejected the “tainted claim” theory of damages under the False Claims Act where money damages alone can cure a breach of contract. The court in U.S. ex rel Wall v.