Judge OKs Whistleblower Suit Against Nonpublic Company
In the first federal ruling to examine the scope of an agency relationship between a publicly traded company and a non-publicly traded company necessary to trigger coverage under the whistleblower protection provision of the Sarbanes-Oxley Act, an Eastern District of Pennsylvania judge has allowed a former employee of the non-publicly traded subsidiary of a public company to proceed with his whistleblower suit.
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