SOX Whistleblowing Provision Limited

A U.S. court has decided that the civil whistle-blower protection provisions of the Sarbanes-Oxley Act don’t apply where American companies work overseas.

Here’s a blog entry about it, from an expert on this stuff.

The case involves an Argentinian, working in Argentina for an American company. He blew the whistle on some wonky accounting, was fired, and then he sued the company. He also sought the protection of the U.S. Department of Labor. DOL dismissed his claim; he appealed to the courts, and was ultimately rebuffed.

Here’s the court decision.

(Thanks to Allison Garrett @ the International Corporate Governance Blog for alerting me to this story.)

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