SEC Focuses on Severance Agreement Impact on Whistleblowing

SEC Focuses on Severance Agreement Impact on Whistleblowing

Blog Keeping Current: Disclosure and Governance Developments

The Securities and Exchange Commission remains keenly focused on whether confidentiality provisions in corporate agreements, particularly severance agreements, can impede whistleblower reporting of potential legal violations to the SEC or other government agencies. In two recent settlements, companies agreed to sanctions arising from their use of provisions in severance agreements that, in the SEC’s opinion, restricted the ability of employees to share confidential corporate information regarding possible securities law violations with the SEC and to accept financial rewards for providing information to the SEC under the SEC’s whistleblower bounty rules. See WilmerHale’s client alert


More from this series


Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.