In the first case to test the boundaries of anti-whistleblower retaliation provisions in the Dodd-Frank Act, a federal judge in Manhattan on Monday dismissed a suit against TradingScreen Inc. that claimed the company violated securities laws and retaliated against an ex-employee.
The ruling clarifies how whistleblowers must report accusations in order to merit protection under Dodd-Frank, and it represents a big win for the electronic trading company’s lawyers at Morgan Lewis & Bockius.
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