Wednesday, May 20, 2009
"A former [AIG] lawyer says she was fired after protesting what she alleges was a potentially 'corrupt arrangement' between the financial-services company and a South Korean government agency that invested in an AIG real-estate fund. ... Ms. [Kimberly] Lebron initially filed a complaint on Sept. 23, 2008, with the Labor Department under the 2002 Sarbanes-Oxley Act's whistle-blower provisions protecting employees who allege corporate wrongdoing. The Labor Department dismissed her claim on Feb. 19 without commenting on her allegations. It ruled that Ms. Lebron had no standing because she worked at an AIG subsidiary", my emphasis, Jennifer Levitz at the WSJ, 2 May 2009.
No standing? See my 16 September 2008 post: http://skepticaltexascpa.blogspot.com/2008/09/sarbox-scam-2.html. The Labor Department is a joke. Sarbox is a joke. This shows lawyering at it worst. Most lawyers will do anything to avoid dealing with the subtance of a claim. In this case, I think it's worse.