U.S. Supreme Court,
Securities,
Civil Procedure,
Appellate Practice
Oct. 27, 2023
Murray v. UBS Securities, LLC - SOX retaliation burden-shifting will likely not shift
Under the Sarbanes-Oxley Act of 2002, must a whistleblower prove his employer acted with "retaliatory intent" as part of his case in chief? The Supreme Court's recent hearing of oral arguments suggests an answer while leaving several other questions on the table.
Shannon H.P. Ward
Partner
Aarons Ward
Phone: (818) 794-7100
Email: shannon@aaronsward.com
Pepperdine Univ SOL; Malibu CA
Most Americans remember the Enron Scandal of the early 2000s. Once one of the largest energy companies in the world, Enron engaged in a massive corporate fraud scheme to hide its financial problems, leading to its bankruptcy. The scandal resulted in huge financial losses for investors, lost jobs, lost confidence in corporate governance and accounting practices, and ultimately, the Sarbanes-Oxley Act of 2002, referred to as SOX.
Before S...
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