Companies Mentioned

Staples, Inc.

Category
Title
Summary
Date
Commentaries
Securities Law

Day v. Staples: The “Reasonable Belief” Required for SOX Whistleblower Protection
In Day v. Staples, 555 F.3d 42 (1st Cir. 2009), the Court of Appeals for the First Circuit ruled that the “reasonable belief” requirement for whistleblower protection under the Sarbanes-Oxley Act of 2002 (“SOX”) includes both “objective” and “subjective” reasonableness. In this case of first impression before the First Circuit,…
Posted:
04/21/2009
Summaries
Securities Law >
New Judicial Opinions

First Circuit Dismisses SOX Whistleblower Claims Against Staples, Inc.
Plaintiff-appellant Day sued his former employer Staples alleging he was fired for reporting fraud, in violation of SOX’s federal whistleblower protection provision and of state law. Day’s complaint did not assert any specific violations of securities laws; rather, it stated that he believed certain Staples practices resulted in the “manipulat[ion]…
Date of ruling:
02/9/2009