Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Gym Teacher Charged with Statutory Rape for Relationship with Student
Gym Teacher Charged with Statutory Rape for Relationship with Student
Four Blackwater Guards Convicted in 2007 Shootings of 31 Unarmed Iraqi Civilians
Four Blackwater Guards Convicted in 2007 Shootings of 31 Unarmed Iraqi...
Increase in Probes in Hong Kong Lead to More Lawyers from U.S.
Increase in Probes in Hong Kong Lead to More Lawyers from U.S.
Woman Accusing Lawyer Rubenstein of Rape Writes Graphic Letter
Woman Accusing Lawyer Rubenstein of Rape Writes Graphic Letter
Legal Job Listings

Judge Shows Ardor to Whistle-Blowers in Fidelity Case

A Federal Judge in Boston has ruled that mutual fund companies are subject to the Sarbanes-Oxley Act just as other companies who directly hire workers.  Mutual fund firms, such as Fidelity Investments, hire management companies to invest their money.  Fidelity had argued that because they do not have workers, as such, that the whistle-blower law should not apply to them.

Jackie Hosang Lawson and Jonathan Zang were former employees at Fidelity who witnessed what they saw to be improper actions by Fidelity.  Upon notifying their supervisors of the problems, they perceived that they were treated poorly and unfairly.  Lawson and Zang filed separate suits against Fidelity, but the two were combined in U.S. District Court.

Lawson’s attorney, Indira Talwani, is quoted by Reuters as saying, “”This is a critical case because Sarbanes-Oxley was designed to protect investors.  Mutual funds are the major way that Americans invest their money.”

Judge Douglas Woodlock did not rule for the plaintiffs in their wrongful discharge suits.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Judge Shows Ardor to Whistle-Blowers in Fidelity Case by

Tagged: , , , , , , , , , , , ,

Posted by on March 31, 2010. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
Senior & Mid Level Employment Defense Attorney
USA-CO-Denver

Messner Reeves LLP- an established, mid-sized firm with offices in Denver, Los Angeles, Las Vegas and New York, seeks a highly experienced, Colorado-licensed Employment Defense trial attorney to join ...

Related Posts: