Whistleblower protection laws are important pieces of legislation that shield from retaliation corporate employees and others who report fraud and wrongdoing to either their supervisors or law enforcement.
Why are corporate whistleblowers important? The answer is that they are often in key positions to observe and report fraud that might otherwise go undetected. If not for whistleblowers, many instances of illegal activity would go unreported. As a result, persons who engage in wrongdoing would not be prosecuted, more fraud would be committed, and even more harm would be inflicted on the public and shareholders.
Without retaliation protections for whistleblowers, they would be deterred from reporting fraud within the company or to law enforcement. In fact, even with whistleblower retaliation protections in place, many corporate employees are still afraid to voice their concerns about corporate activities that they believe are fraudulent or illegal.
Two important whistleblower protection laws that have been enacted in recently years are the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Report and Consumer Protection Act of 2010. These laws encourage persons to report corporate fraud and wrongdoing and provide remedies for those who have suffered workplace retaliation as a result.
At the Law Offices of Eric Dinnocenzo, we believe that whistleblowers should not be subject to retaliation for reporting fraud, or, put another way, for "doing the right thing." We have experience representing claimants in these actions against corporations. In fact, our practice is devoted entirely to representing individuals against larger and more powerful entities such as corporations.
If you would like to learn more about Sarbanes-Oxley and Dodd-Frank whistleblower retaliation protections, please view the other pages in this section of our website.
If you are a New York or New Jersey resident, or were employed at a company located in New York or New Jersey, and have a claim under either of these whistleblower protection laws, you can contact Attorney Eric Dinnocenzo at (212) 933-1675 for a free consultation.