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Mon Feb 27, 2017, 01:57 PM

 

NYT: 2008 Era Bank Whistleblowers Supreme Court Win

This New York Times article, of Febrauary 24, 2017, came to me too late, to post on LBN; but it is a Yuuge Win for whistleblowers, as NYT titled the story "Score One for the Bank Whistle-Blowers".
https://mobile.nytimes.com/2017/02/24/business/score-one-for-the-bank-whistle-blowers.html?rref=collection%2Fbyline%2Fgretchen-morgenson&action=click&contentCollection=undefined


Specifically, NYT remarks that:

Paul Bishop, a former residential mortgage sales representative at World Savings Bank, is a plaintiff in the whistle-blowing case against the institution and Wachovia. A recent Supreme Court ruling on the case is likely to open the door to more whistle-blower cases.

And......

Here is something to celebrate: The United States Supreme Court just handed whistle-blowers one of their bigger wins in a long time.

People who expose wrongdoing in the workplace or among government contractors have taken a beating in recent years. The Obama Administration was especially assiduous in its pursuit of whistle-blowers, and President Trump has also singled them out for scorn.

So it was gratifying to see the Feb. 21 ruling from the nationís top court on an important bank whistle-blower case dating back to the financial crisis. In its opinion, which vacated two lower courtsí dismissals of the case, the Supreme Court essentially confirmed that some courts have been using too narrow a legal standard when weighing whistle-blower suits under the False Claims Act, which is meant to punish those who defraud the government.


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Reply NYT: 2008 Era Bank Whistleblowers Supreme Court Win (Original post)
laserhaas Feb 2017 OP
laserhaas Feb 2017 #1

Response to laserhaas (Original post)

Mon Feb 27, 2017, 02:00 PM

1. The issue, for me, is the fact this is about the 2008

 

Financial crisis ....concerning a bank that is closed

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