Law360, New York ( August 21, 2014, 10:16 AM EDT) -- In a closely watched decision interpreting the Dodd-Frank Act's whistleblower provision, the Second Circuit last week affirmed the Southern District of New York's decision in Liu v. Siemens AG and became the first federal court of appeals to hold that the Dodd-Frank Act whistleblower anti-retaliation provision does not apply extraterritorially.[1] The Southern District of Texas, the only other district court to consider the issue, reached the same conclusion in Asadi v. G.E. Energy (USA) LLC.[2] For companies with global operations, the Liu decision should provide at least some level of comfort that allegations by foreign employees regarding conduct exclusively outside the United States are outside the reach of Dodd-Frank's anti-retaliation provision....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
