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Sarbanes-Oxley Protections Include Whistleblowers of Non-Public Subsidiaries
A Labor Department administrative law judge has held that an employee at the non-public subsidiary of a publicly traded company is similarly protected by the whistleblower provisions of the Sarbanes-Oxley Act. Morefield v. Exelon Services Inc. No. 2004-SOX-2 (Jan. 28, 2004).
The judge ruled that a subsidiary is an “integral part of the publicly traded company, inseparable from it for purposes of evaluating the integrity of its financial information, and they must be treated as such.” Sarbanes-Oxley's whistleblower protections, are designed to “ensure the integrity of the organization's accounting practices” and “pay no heed to the technicalities of internal corporate veils,” the court stated.
Sarbanes-Oxley Protections Include Whistleblowers of Non-Public Subsidiaries
A Labor Department administrative law judge has held that an employee at the non-public subsidiary of a publicly traded company is similarly protected by the whistleblower provisions of the Sarbanes-Oxley Act. Morefield v. Exelon Services Inc. No. 2004-SOX-2 (Jan. 28, 2004).
The judge ruled that a subsidiary is an “integral part of the publicly traded company, inseparable from it for purposes of evaluating the integrity of its financial information, and they must be treated as such.” Sarbanes-Oxley's whistleblower protections, are designed to “ensure the integrity of the organization's accounting practices” and “pay no heed to the technicalities of internal corporate veils,” the court stated.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
The Cost of Making Partner
Making partner isn't cheap, and the cost is more than just the years of hard work and stress that associates put in as they reach for the brass ring.