Civil Law

Guest blog: SEC adopts final rules for clawback of erroneously awarded compensation

By: Louann Fang Richard, Brent L. Bernell, Andrew D. Ledbetter, Eric Forni, Rita M. Patel, Keith Ranta, Bryan Card

The Securities and Exchange Commission (SEC) has approved, by a 3-2 vote, final rules that require publicly traded companies to adopt policies regarding recovery of erroneously awarded incentive-based compensation, or “clawback” policies. The SEC initially proposed clawback rules in July 2015, but the rules have been pending finalization until the SEC reopened the comment period in October 2021 and again in … Read the rest

Civil Law

Undocumented Construction Worker Awarded $650,000 for Whistleblower Retaliation

workplace safety  In June, a Massachusetts jury awarded an undocumented employee of Tara Construction Inc. a total of $ 650,000 for enduring retaliation at the hands of chief executive officer Pedro Pirez. The employee of the construction company suffered a serious injury on the job that was later reported to the Occupational Safety and Health Administration (OSHA). OSHA opened a rapid response investigation into the matter. Not long after, the U.S. Immigration and Customs Enforcement (ICE) found the injured employee … Read the rest