Labor Dept. Slaps BofA for Firing Countrywide Whistleblower
Bank of America was ordered to rehire and pay $930,000 to a whistleblower who had exposed improprieties at Countrywide Financial. DOL said the firing violated the whistleblower-protection provisions of Sarbanes-Oxley.
Industry Hit by Class Actions
It is no surprise that federal securities class action filings increased in 2008 over the previous year's levels given the upheaval in the financial markets...