Court of Appeals Holds that "Whistleblower" Protection Provision of Dodd-Frank Amendments to U.S. Securities Laws Do Not Apply Extraterritorially

The World in U.S. Courts: Fall 2014 - Securities Law

Liu v. Siemens, AG, U.S. Court of Appeals for the Second Circuit, August 14, 2014

This case holds that protection from retaliation afforded to individuals who report alleged illegal acts by covered corporations does not apply where the acts complained of have no connection with the U.S.  For a more complete discussion of the decision, please see the summary appearing in Orrick's Employment Law and Litigation Blog.

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