November 11, 2014
A whistleblower lawsuit against JPMorgan Chase & Co was revived in early October by the US Court of Appeals for the Second Circuit. The court vacated and remanded a lower court’s ruling that essentially dismissed the lawsuit, which had been filed by one of JPMorgan Chase’s former employees. Jennifer Sharkey, once a vice president at the company, alleged the company ignored major signs of fraudulent consumer practices in violation of the law. The original lawsuit was filed in October 2009.
Sharkey originally filed a complaint with the Occupational Safety and Health Administration (OSHA) that was dismissed because she failed to show “… complaints definitively and specifically related to one of the six enumerated categories of misconduct identified in Section 806” of the Sarbanes-Oxley Act of 2002.
November 3, 2014
A second lawsuit has been filed against Infosys Ltd. by the previous whistleblower, Jack Palmer, whose actions set off an investigation of the company’s visa practices. The current lawsuit alleges wrongful termination and is requesting damages as a result of the events. Infosys, a Bangalore-based, denies all claims against them.
Palmer originally filed a lawsuit against Infosys in 2012. The suit was dismissed by a US district judge. Palmer is now seeking compensation based on his termination, which he believes occurred as a result of his whistleblowing actions. Palmer is a US national and was employed by Infosys in Alabama. He is expected to receive up to $8,000,000 from the settlement amount as reward for bringing the transgression to the attention of US authorities.