April 3, 2017

Whistleblowers: Might SEC’s BlueLinx/Health Net-Type Orders Lead to Demand Letters?

Recently, we had this query posted in our “Q&A Forum” (#8989): “I have heard that the SEC’s BlueLinx/Health Net orders in the context of protecting whistleblowers may lead to stockholder demand letters where companies have objectionable language in their filed severance and other agreements; anyone aware of whether this is the case, and if so, what companies are doing in response?”

John responded: “You heard right. Here’s a Jones Day memo discussing this. It looks like the plaintiffs’ bar is just getting started, and I haven’t seen anything as to how companies are responding.” Which leads us to tomorrow’s webcast…

Tomorrow’s Webcast: “Whistleblowers – What Companies Should Be Doing Now”

Tune in tomorrow for the webcast – “Whistleblowers: What Companies Should Be Doing Now” – to hear Margaret Cassidy of Cassidy Law, Sean McKessy of Phillips & Cohen (& former Chief, SEC’s Office of the Whistleblower, Division of Enforcement) and Baker & McKenzie’s Joan Meyer discuss what you need to be doing now in the wake of the latest SEC – and other regulator – actions in the whistleblower arena.

Our April Eminders is Posted!

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Broc Romanek