ABSTRACT

Supreme Court Interprets Dodd-Frank Whistleblower Protections: Implications for Securities Law and Beyond [March 8, 2018]   [open pdf - 312KB]

"On February 21, 2018, the Supreme Court decided in Digital Realty Trust, Inc. v. Somers that the antiretaliation protections in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) apply only to whistleblowers who report suspected securities law violations to the Securities and Exchange Commission (SEC or Commission). In so doing, the Court rejected a more expansive reading of Dodd-Frank that would have extended its whistleblower protections to those who report securities violations internally within their organization and suffer retaliation, even if they did not take the additional step of reporting to the SEC. The ruling not only has potentially important implications for the nature and quantity of potential whistleblower actions brought under federal securities law, but Digital Realty also provides broader insights into the Supreme Court's current approach toward statutory interpretation."

Report Number:
CRS Legal Sidebar, LSB10093
Author:
Publisher:
Date:
2018-03-08
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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