Copyrighted Image? DMCA | The employees of private contractors working for public companies are not entitled to whistleblower protections under the Sarbanes-Oxley Act, the 1st Circuit ruled in a split decision. Jackie Lawson and Jonathan Zang claim they were fired after raising concerns about potential securities fraud at the publicly owned and traded Fidelity mutual funds. Both were employed by a private contractor, Fidelity Management and Research -- which later changed its named to FMR Corp -- or its subsidiary Fidelity Brokerage Services, which provide contracted advising and management services to the Fidelity family of funds. Lawson and Zang sought whistleblower protection under Section 806 of the Sarbanes-Oxley Act titled "Protection for Employees of Publicly Traded Companies Who Provide Evidence of Fraud." |
Read the rest of the story HERE:
At www.courthousenews.com
At www.courthousenews.com
