Tag Archives: Generally Accepted Accounting Practices
5th Circuit Court Revives a SOX Whistleblower Action
The Fifth Circuit Court recently revived Wallace v. Tesoro Corp, a Sarbanes-Oxley whistleblower complaint that had previously been dismissed by the U.S. District Court for the Western District of Texas. The Fifth Circuit found the plaintiff’s alleged belief that the company was in violation of certain Securities and Exchange Commission (SEC) rules was not unreasonable. […]
