US Supreme Court Weighs In on Whistleblower Protections Within Dodd-Frank

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Digital Realty Trust, Inc., a San Francisco, California-based REIT, terminated Paul Somers, vice president, portfolio management, Asia-Pacific and Europe, circa June 2014. Somers claimed that just before he was terminated, he had reported internally several times that his supervisor apparently eliminated certain internal controls mandated by the Sarbanes-Oxley Act of 2002, and concealed approximately $7 million in cost overruns. However, Somers never alerted the SEC to the suspected securities law violations. Instead, circa seven months later, Somers filed suit against Digital Realty Trust, seeking protection under the Dodd-Frank Act. Digital Reality moved to dismiss the claim on the ground that Somers was…

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