Securities,
9th U.S. Circuit Court of Appeals
Sep. 30, 2015
Ruling broadens Dodd-Frank protections, creates split
This month the 2nd Circuit held that Dodd-Frank provides a private cause of action to employees who suffer retaliation after reporting securities violations internally.
Daniel A. Saunders
Partner
Kasowitz Benson Torres LLP
Phone: (424) 288-7900
Email: dsaunders@kasowitz.com
UC Berkeley SOL; Berkeley CA
Daniel is a leading trial and appellate lawyer focusing on a variety of complex business litigation and white collar cases. He represents corporate and individual clients in a broad range of civil and criminal litigation and government, regulatory, and internal investigations, including for potential violations of the Foreign Corrupt Practices Act, Securities Exchange Act and False Claims Act. Mr. Saunders has tried more than 30 jury trials, and has briefed and/or argued more than 50 appeals before various U.S. Circuit Courts of Appeal.
On Sept. 10, a divided panel of the 2nd U.S. Circuit Court of Appeals held that the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 provides a private cause of action to employees who suffer retaliation after reporting securities violations internally, even if they have not reported the violations to the Securities and Exchange Commission. Berman v. Neo@Ogilvy LLC, 14-4626. In so ruling, the 2nd Circuit arguably broadened D...
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