Developments in Whistleblower Laws: Advantage Whistleblower?
Engage Volume 12, Issue 2, September 2011
September 12, 2011Larry R. Wood, Richard William Diaz
Whistleblower lawsuits represent one of the fastest-growing segments of the court dockets, and the rapidly changing force of whistleblower laws increasingly poses complex legal and business challenges for employers. Legislative reforms, such as those ushered in by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act” or “the Act”) have led commentators to opine that “[t]hese days, there’s a cottage industry to support—and profit from—whistleblowing.” Indeed, in the wake of the recent reforms, lawyers have done everything from advertise in movie theaters to create handbooks to guide whistleblowers through the process. At the same time, regulatory agencies are increasing enforcement efforts—raising the real risk of potential incarceration for a company’s employees and executives...