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Sarbanes-Oxley Act Attorney Virginia
The Sarbanes Oxley Act (SOX) was passed by the federal government in 2002. The purpose of the law is to protect employees who work at publicly traded companies and affiliates who participate in whistleblowing activities. These include any activities that involve accounting, duties and responsibilities of corporate officers, and earnings reporting. If an employer takes retaliatory action against an employee who has been involved in this protective activity, a Sarbanes-Oxley Act attorney Virginia clients trust from The Federal Practice Group can help with filing and winning a retaliatory complaint.
Under SOX, some of the common information that whistleblower’s are protected from include:
- Bank fraud
- Mail fraud
- SEC violations
- Securities fraud
- Shareholder fraud
- Wire fraud
This means that if an employee reports this information, the employer is not allowed to demote, discharge, discriminate, harass, suspend, or make any other threats against the employee. If they do, then a Virginia Sarbanes-Oxley Act attorney can help the employee file a complaint against the employer. Keep in mind, however, that a whistleblower retaliation attorney Virginia employees turn to only have 180 to file a retaliation complaint with the federal government.
Depending on the circumstances of your case, some of the financial relief you may be entitled to under SOX includes:
- Reinstatement of your job: This includes returning to your prior position, along with your previous salary, benefits, duties, and more.
- Back pay: This includes payment of all the wages you lost during the time you were not working, along with interest for those earnings.
- Front pay: If for some legitimate reason you cannot be reinstated to your prior position, the company will have to pay lost future earnings.
- Special damages: This is determined on the circumstances of your case and can include financial compensation for any reputation damage, emotional anguish, humiliation, and any other non-economic harm you may have suffered.
- Attorney fees and other costs associated with SOX litigation.
In some situations, a SOX whistleblower may also be entitled to a whistleblower reward. In order to qualify, the whistleblower must provide the SEC original information about the violations and the resulting monetary sanctions must exceed $1 million. The whistleblower may also be entitled to 10 to 30 percent of the penalties the SEC imposes on the company.
Let Our Firm Help
If you have acted as a whistleblower and have now been a victim of retaliation by your employer, it is critical to speak to a Virginia Sarbanes-Oxley Act from The Federal Practice Group to make sure your rights are protected under the law. Our firm can also help you if you have information that your employer has violated federal securities law or other type of fraud and you are considering reporting this fraud to the government. Our firm can determine what type of protection you may qualify for, as well as what type of whistleblower reward you may be entitled to. Call our office today to find out how we can help.