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Entries Tagged as 'Financial Institutions Reform'

Supreme Court Confirms Lower Hurdle for Investor Fraud Suits

April 15th, 2013 · No Comments

TweetThe U.S. Supreme Court made it easier for investors to gain class-action status when suing companies for securities fraud, making such lawsuits more likely in the future. In Amgen v. Connecticut Retirement Plans and Trust Funds, the Court allowed class certification to be granted on a “fraud on the market” theory without any proof that […]

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Tags: Financial Institutions Reform · Securities Fraud

Former Ameriprise Branch Manager Files Whistleblower Lawsuit Alleging Fraud

October 20th, 2010 · No Comments

TweetAccording to the Star Tribune, former Ameriprise branch manager Michael Loscalso filed a federal lawsuit alleging he was fired in retaliation for reporting fraud and other violations of regulatory rules.  Under the Dodd-Frank Act, whistleblowers similar to Loscalso are entitled to protection from retaliation and may even be entitled to a monetary reward in return […]

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Tags: Dodd-Frank Act · Financial Institutions Reform · SEC Whistleblower

Dodd-Frank Whistleblower Provisions Are Expected to Generate Increase in Whistleblower Litigation

August 17th, 2010 · No Comments

TweetAccording to an article in The Washington Post, the whistleblower provisions of the Dodd-Frank Act (DFA), which provide a substantial incentive to report financial fraud, are expected to generate a substantial increase in whistleblower litigation.  The DFA requires the SEC and Commodity Futures Trading Commission (CFTC) to provide a financial reward to whistleblowers who provide […]

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Tags: Dodd-Frank Act · Financial Institutions Reform

The Employment Law Group® Speaks on Whistleblower Provisions in the Dodd-Frank Act at ALI-ABA Fall 2010 Seminar

August 3rd, 2010 · No Comments

TweetOn September 21, 2010, Jason Zuckerman, a Principal at The Employment Law Group® law firm will speak at the ALI-ABA Fall 2010 seminar on the whistleblower provisions of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act, which we blogged about here.  Zuckerman will discuss Sections 1057, 922 and 748 of the Dodd-Frank […]

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Tags: Financial Institutions Reform · The Employment Law Group, P.C.

The Employment Law Group® Law Firm Publishes Article on the Whistleblower Provisions of the Dodd-Frank Act

July 21st, 2010 · No Comments

TweetThe Employment Law Group® Law Firm principals Scott Oswald and Jason Zuckerman published an article in Law360 titled “Whistleblower Provisions of the Dodd-Frank Act.”  The article discusses the whistleblower provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  The article is available here. For more information about The Employment Law Group® […]

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Tags: False Claims Act · Financial Institutions Reform · Sarbanes-Oxley · The Employment Law Group, P.C.

Senate Passes Financial Services Reform Bill Containing New Whistleblower Laws

May 21st, 2010 · No Comments

TweetOn May 20, 2010, the Senate passed the Restoring American Financial Stability Act of 2010 (S. 3217) by a vote of 59-39.  The bill, which is the largest overhaul of financial services regulation since the New Deal, contains several new whistleblower protection provisions and strengthens the whistleblower protection provision of the Sarbanes-Oxley Act (SOX).   This […]

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Tags: Federal Whistleblower Legislation · Financial Institutions Reform