September 4, 2017
Monday’s Adjudication Roundup
- PricwewaterhouseCoppers LLP asked an Alabama federal court to stay their 2 billion dollar preceding regarding mortgage fraud. Allegedly the financial institution intentionally “overlooked a mortgage fraud scheme.” The bank’s lack of oversight ultimately caused the bank’s demise; however, an Alabama judge believes the show must go on!
- What protections are afforded during the whistleblowing process? According to a group of businessmen, a whistleblower must alert the United States Securities and Exchange Commission before he or she can be protected from retaliation under the Dodd-Frank Act. In the group’s “friend-of-the-court” briefs to the U.S. Supreme Court, they urge the Court to consider their perspective regarding the subject matter and ask the Court to construe the intent of Congress in a narrow manner.
