A defense contractor accused of using restrictive severance agreements that would “chill” whistleblowers has agreed to settle the accusations and pay $265,000 in penalties, the Securities and Exchange Commission announced. The announcement marks the … [Read more...]
Feds take strong action to protect whistleblowers from overzealous confidentiality agreements
Many companies require their employees to sign confidentiality agreements that prohibit the employees from disclosing non-public information about the company to outsiders. In general, these confidentiality agreements aim to protect a company’s … [Read more...]
Sixteen Attorneys General Stand Up Against Mandatory Arbitration
Including California, have asked the federal government to protect consumers from mandatory arbitration clauses in contracts covering financial services. The group co-signed a letter to the U.S. Consumer Financial Protection Bureau (CFPB) last month. … [Read more...]
CFPB Launches Study Into Mandatory Arbitration, Bringing Discussion To Congress
The growing use of mandatory arbitration has become a hot topic among businesses and consumers, which has led the debate all the way to Congress, with billions of dollars potentially at stake. Like many issues brought to Congress, a government agency … [Read more...]