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August 15, 2016

15 August 2016

SEC Fines Company that Used Severance Agreements to Discourage Whistleblowing

Last week, the U.S. Securities and Exchange Commission reached at $265,000 settlement with BlueLinx Holdings Inc.  The SEC alleged that BlueLinx violated federal securities law by using severance agreements that required outgoing employees to waive their rights to SEC whistleblower awards.  As we previously reported here, the SEC has taken action against other employment agreements that arguably impair whistleblowing activity in the past.

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