In recent weeks, the U.S. Securities and Exchange Commission has taken action against two companies for crafting severance agreements that required departing employees to sign away their right to collect whistleblower awards.
On Tuesday, Los Angeles-based Health Net Inc. paid a $340,000 penalty for including a waiver of whistleblower rights in its severance agreements. Last week, BlueLinx Holdings Inc., an Atlanta-based building products distributor, resolved similar charges in a $265,000 settlement.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
