Financial Reforms Up Retaliation RiskAugust 8, 2010 – In The News
The Dodd-Frank Wall Street Reform and Consumer Protection Act allows for whistle-blower provisions that expand the opportunities for employees to file retaliation claims against their firms.
Concerns have been raised regarding employees misusing anti-retaliation provisions and rather styling themselves as whistle-blowers. Ernest Badway was quoted saying that in cases like these, you cannot fire them. He described it as a no-win situation, where you are “damned if you do, damned if you don’t.”