Corporate Whistleblower Protections Significantly Altered by Dodd-Frank Wall Street Reform Act
29 July 2010
Mayer Brown Legal Update
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) includes enhanced corporate whistleblower protections that affect publicly traded and non-publicly traded companies. Among other things, the Dodd-Frank Act creates a new whistleblower cause of action that allows individuals to share in SEC-imposed sanctions and bring claims for double back pay in federal court up to 10 years after the alleged retaliatory conduct.