The Securities and Exchange Act, the Commodity Exchange Act, the Foreign Corrupt Practices Act, and the Dodd-Frank Act created enhanced provisions to protect the confidentiality of whistleblowers, and also permits Dodd-Frank whistleblowers to anonymously file reward claims. Both federal and New York state whistleblower protection laws allow employees to stop, report, or testify about an employer’s illegal, unhealthy, or unethical actions that violate public policies – without risking retaliation.
Kohn, Kohn & Colapinto cases have set precedents preventing companies from using restrictive confidentiality settlement agreements, severance agreements and nondisclosure agreements (or NDA’s) as a way to prevent an employee from reporting fraud to government regulators. Our whistleblower attorneys have advocated for key reforms protecting employees at publicly traded companies under the Dodd-Frank Act and the Sarbanes-Oxley Act. These advancements in the law have enabled employees to confidentially (or in some cases anonymously) report major fraud and wrongdoing to law enforcement and regulatory authorities, and to Congress, leading to corrective action and large fines as well as whistleblower awards.