Towards a Broader View of Recoverable Damages Under Section 806 of the Sarbanes-Oxley Act

• In Event: Power, Damages, and Fraud Indicators

Abstract

This paper will evaluate the statutory provisions regarding civil remedies for whistleblowers under Section 806 of the Sarbanes-Oxley Act and the implications that different court decisions have on employees who report corporate fraud. Ultimately, this paper argues for a broad interpretation of the remedial provisions of Section 806 of the Sarbanes-Oxley Act because it echoes congressional intent in this matter and implements a public policy intended to protect whistleblowers who report financial statement fraud.

Authors

• Ricardo Colon, Lamar University

• Blaise Michael Sonnier, University of Colorado-Colorado Springs

• Howell Lynch, Loyola University New Orleans