Bio-Rad

Normally, I tie to an article in The Wall Street Journal, but couldn’t find this news items there.  Today’s post is based on an article yesterday from Corporate Counsel.

The former General Counsel of Bio-Rad Laboratories in California got fired in 2013, soon after he reported to the company’s audit committee on possible FCPA violations.  He claimed whistleblower protections under Sarbanes Oxley.

Jury finds for plaintiff; $5.8 million in back pay and $5 million punitive damages.  Company had already paid $55 million to settle FCPA allegations.

Interesting implications for compliance, audit committees, whistleblowing, and attorney-client privilege.

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Filed under Board, Compliance, Compliance, Corporation, Duty, Employees, Governance, Lawyers, Legal, Privilege, To report

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