The Dodd-Frank Act (the “Act”), passed in the wake of the 2008 financial crisis, was intended to deter “abusive practices in the mortgage industry” and demand “accountability and responsibility from everyone.” In furtherance of these objectives, the Act includes significant incentives to encourage whistleblowing and protections for those who engage in whistleblowing.
Determining exactly who qualifies for the Dodd-Frank whistleblower protections was the question at issue in the recent United States Supreme Court decision in Digital Realty Trust, Inc. v. Somers. Paul Somers, former Vice President of Digital Realty Trust, Inc., reported concerns of potential securities law violations committed by Digital Realty exclusively to his superiors . . . .
* Candidate for Juris Doctor, May 2018, Cumberland School of Law, Samford University; Candidate for Master of Business Administration, Brock School of Business, Samford University; B.A. Finance, Political Science, and History, Ouachita Baptist University; Editor-in-Chief, Cumberland Law Review Volume 48.